Current Affairs - Banking - Discussion

The World Bank released the Human Capital Index (HCI) as part of the World Development Report 2019. The theme of the World Development Report (WDR) this year is "The Changing Nature of Work". As part of this report, the World Bank has launched a Human Capital Project (HCP). The HCI has been constructed for 157 countries. The HCI for India has been estimated at 0.44. The Index was released at the World Bank-IMF Annual Meetings in Bali, Indonesia. Singapore ranked first for its universal health care system, education exams results and life expectancy figures. It is followed by South Korea, Japan, Hong Kong and Finland. India was ranked at the 115th position.