Question
Consider the following statements regarding Human
Capital Index (HCI): I. It is released by the World Bank. II. India ranked 116th in the HCI 2020. III. As per the HCI, human capital comprises knowledge, skills and wealth. Which of the statement given above is/are correct?Solution
World Bank released the Human Capital Index (HCI) report for 2020. The index benchmarks key components of human capital across countries. India has been ranked at the 116th position in the HCI 2020. Human Capital: It consists of the knowledge, skills, and health that people accumulate over their lives, enabling them to realize their potential as productive members of society. Parameters Used in HCI: The HCI 2020 includes health and education data of children for 174 countries up to March 2020. Thus, providing a pre-pandemic baseline.
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