The Global Human Capital Index compiled by World Economic Forum WEF measures countries against four ...........

Economic Affairs Others

The Global Human Capital Index, compiled by World Economic Forum (WEF), measures countries against four key areas of human capital development, which includes?

Investment in formal education
Accumulation of skills through work
Population and per capita income
Health and hygiene indicators

Select the correct answer using the codes below.

1 and 2 only

2 and 3 only

2, 3 and 4 only

1 and 3 only

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Explanation:

It takes into account “the knowledge and skills people possess that enable them to create value in the global economic system” to measure the ‘human capital’ rank of a country. The report measures 130 countries against four key areas of human capital development; Capacity (determined by past investment in formal education), Deployment (accumulation of skills through work), Development (continued upskilling and reskilling of existing workers) and Know-how (specialized skills-use at work). India has been placed at a low 103 rank, the lowest among BRICS economies.