Why in News ?
The latest edition of the World Bank’s annual Human Capital Index that benchmarks key components of human capital across countries released 2020.
Human Capital Index 2020
Human Capital Index update includes health and education data for 174 countries – covering 98% of the world’s population.
- India has been ranked at the 116th position in the latest edition.
- India’s score increased to 0.49 from 0.44 in 2018.
- Pre-pandemic, most countries had made steady progress in building human capital of children, with the biggest strides made in low-income countries.
- Even before the effects of the pandemic, a child born in a typical country could expect to achieve just 56 per cent of their potential human capital, relative to a benchmark of complete education and full health.
- The World Bank estimates a 12% drop in employment.
- There has been major decline in remittances and total income is going down by 11 or 12%.
- Essential health services
- countries are increasingly reporting declines in essential health services.
- Eighty million children are missing out on essential vaccinations.
- Within more than a billion children, have been out of school due to Covid-19.
- Could lose as much as USD 10 trillion in lifetime earnings because of the reduced learning.
Source : The Hindu
Topic
Prelims : About the Index
GS II : Important International institutions, agencies and fora- their structure, mandate
Current Affairs Compilation : 18 September 2020