India must focus on talent development.
Talented resource is true treasure of nation. Talent could be nurture very much properly and gradually helped in building nation.
India’s score on a global Human Capital Index (HCI) published by the World Economic Forum (WEF) on Tuesday was recorded on a lower side. This record raised a question over country’s ability to nurture and develop its natural talent.
The country was ranked 105 out of 130 countries because only 57 percent of human capital endowment is evaluated, while the global standard of the is still 65 percent. Top countries in the report use more than 85 percent of its human talents- Finland, Norway and Finland.
India holds the largest share of “global distribution of tertiary degree holders “with a sum of 78 million. Country is also the second largest holder of graduate degrees in science, technology, engineering and mathematic subjects (STEM) with 2.5 million graduates after China.
On the development front, India clocks many positives such as its quality of education system, staff training and the ease of finding skilled talent, landing globally at 39, 46 and 45 positions, respectively. But, with an employment gender gap of 121, India reflects an intensely poor situation in labour state participation.
“A primary avenue for improvement for the country consists of expanding access to its numerous learning and employment opportunities,” the report said. It cited Klaus Schwab, the founder and executive chairman of WEF, as saying: “The adaptation of educational institutions, labour market policy and workplaces are crucial to growth, equality and social stability.”
Schwab emphasised that “today’s transition to the Fourth Industrial Revolution, combined with a crisis of governance, creates an urgent need for the world’s educators and employers to fundamentally rethink human capital through dialogue and partnerships.”
Ultimately, India’s rank on the annual index was filed on a stationary state, when the country was graded 100 out of 124 countries in 2015. India’s adjoining counties China, Nepal and Myanmar were ranked more than it. India’s scale on BRICS peers was also lowest Japan and Sweden climbed to the 4th and 5th spots, respectively, New Zealand, Denmark, the Netherlands, Canada and Belgium were among the other top 10 countries on the HCI.