TOPIC: GS PAPER II SOCIAL JUSTICE
Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources.
The “World Economic Forum’s – Global Human Capital Index”, ranked India at a 103rd among 130 countries.
IMPLICATIONS FOR INDIA
POSITIVE TRENDS IN THE INDIAN CONTEXT
WORLD WIDE TREND AT A GLANCE
ABOUT THE GLOBAL HUMAN CAPITAL INDEX
How nations develop their human capital can be a more important determinant of their long-term success than virtually any other factor. By “human capital” we mean the knowledge and skills people possess that enable them to create value in the global economic system. Human capital is not defined solely through formal education and skilling. It can be enhanced over time, growing through use—and depreciating through lack of use—across people’s lifetimes.
The Global Human Capital Index featured in this Report thus treats human capital as a dynamic rather than fixed concept.
The Global Human Capital Index 2017 ranks 130 countries on how well they are developing their human capital on a scale from 0 (worst) to 100 (best) across four thematic dimensions—capacity, deployment, development and know-how—and five distinct age groups or generations—0–14 years; 15–24 years; 25–54 years; 55–64 years; and 65 years and over—to capture the full human capital potential profile of a country. It can be used as a tool to assess progress within countries and points to opportunities for cross-country learning and exchange.
The Capacity subindex quantifies the existing stock of education across generations; the Deployment subindex covers skills application and accumulation of skills through work; the Development subindex reflects current efforts to educate, skill and upskill the student body and the working age population; and the Know-how subindex captures the breadth and depth of specialized skills use at work.
QUESTION ARISING FROM THE NEWS:
Q1) WHAT ARE THE VARIOUS IMPLICATIONS FOR INDIA IN THE CONTEXT OF THE RECENTLY RELEASED GLOBAL HUMAN CAPITAL INDEX? HIGHLIGHT
Source: New Indian Express, HINDUSTAN TIMES, 21 Nov
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