28 June 2016 Current Affairs: India was ranked low at 105th position globally on a worldwide Human Capital Index, which measures countries' ability to nurture, develop and deploy talent for economic growth and was topped by Finland.
India ranks much below China's 71st position while Bangladesh, Bhutan and Sri Lanka are also placed higher on the index released today by Geneva-based World Economic Forum (WEF) in this Chinese city at its Annual Meeting of New Champions also known as 'Summer Davos' summit (held in China).
Pakistan ranks further lower at 118th place.
Giving India 105th rank out of the total 130 countries included in the index, WEF said the country has optimised just 57% of its human capital endowment -- placing it in the top of the bottom quartile of the Index.India was ranked 100th last year out of total 124 countries included in the 2015 index.
India has got better rankings on quality of education system (39th), staff training (46th) and ease of finding skilled employees (45th) indicators. This suggests "a primary avenue for improvement for the country consists of expanding access to its numerous learning and employment opportunities.
The report also showed that India had the largest share in the "global distribution of tertiary degree holders" at nearly 78 million while it was second largest after China on global distribution of recent graduates in STEM subjects (science, technology, engineering and mathematics) at about 2.5 million.
Globally also, an average of only 65% of the world's talent is being optimised through education, skills development and deployment during people's lifetimes.
Finland, Norway and Switzerland hold the top three positions, utilising around 85% of their human capital. Japan leads when it comes to 55 year-olds and over.
On the global index, Japan and Sweden have moved up to 4th and 5th places and are followed by New Zealand, Denmark, the Netherlands, Canada and and Belgium in top ten.
Among BRICS countries, India is ranked lowest as against Russia's 28th, China's 71st, Brazil's 83rd and South Africa's 88th.
Countries ranked below India include Nepal, Myanmar, Haiti, Malawi and Burundi while Mauritania, Yemen, Chad, Nigeria and Mali are placed in the bottom-five with below 50% talent optimisation.