The focus of the Indian government on investment into education has brought a noteworthy change as the country moved from a rank of 162 in 1990 to 158 in the latest human capital study titled, “Measuring human capital: A systematic analysis of 195 countries and territories, 1990–2016”.
The research was conducted by Institute for Health Metrics and Evaluation (IHME). 195 countries were also ranked by the study which was published in The Lancet.
“India’s ranking of 158th in 2016 represents an improvement from its 1990 ranking of 162nd. It comes from having seven years of expected human capital, measured as the number of years a person can be expected to work in the years of peak productivity, taking into account life expectancy, functional health, years of schooling, and learning,” the institute said in its press release.
World Bank President Dr Jim Yong Kim had asked IHME to develop a measurement to rank human capital to help both investors and governments. He had defined human capital as, “the sum total of a population’s health, skills, knowledge, experience, and habits.”