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“Worldwide Education for the Future Index 2019”

  • Category
    Economy
  • Published
    4th Mar, 2020

India jumped five ranks in the Worldwide Educating for the Future Index (WEFFI) 2019, as per a report published by The Economist Intelligence Unit.

Context

India jumped five ranks in the Worldwide Educating for the Future Index (WEFFI) 2019, as per a report published by The Economist Intelligence Unit.

About:

  • Worldwide Educating for the Future Index (WEFFI) is the first comprehensive global index to evaluate inputs to education systems rather than outputs such as test scores.
  • This is the third edition of the WEFFI, produced by The Economist Intelligence Unitand commissioned by the Yidan Prize Foundation.
  • The index ranks 50 economies, which represent nearly 93% of global GDP and 89% of the world’s population.
  • With a focus on young people aged 15-24, it measures three pillarsas a means of readying young people to meet the challenges of work and society in future:
    • education systems--policy approaches
    • teaching conditions
    • broader gauges of societal freedom and openness
  • It remains the only major ranking to assess inputs to education systems and stands in contrast to measures like the OECD's Programme for International Student Assessment, which looks at exam-like outputs.

The Economist Intelligence Unit (The EIU)

  • The Economist Intelligence Unit (The EIU) was created in 1946.
  • It is a British business within the Economist Group providing forecasting and advisory services through research and analysis, such as monthly country reports, five-year country economic forecasts, country risk service reports, and industry reports.

 Key-findings of the index:

    • India:
  • India ranked 35th on the overall index in 2019 with a total score of 53, based on three categories:
    • policy environment: In 2019, India scored 56.3 in policy environment falling from a 61.5 score in 2018.
    • teaching environment: India scored 52.2 in the teaching environment category, increased significantly from 32.2 in 2018.
    • overall socio-economic environment: India scored 50.1 in the socio-economic environment category increased significantly from 33.3 in 2018
  • The country ranked 40th with an overall score of 41.2 across categories in 2018.
    • Global findings:
  • The index is topped by Finland. Finland was first in previous year’s ranking as well, 
  • Sweden and New Zealand ranked second and third, with Sweden advancing two places and New Zealand maintaining its third position from 2018's results.
  • The Philippines, Ghana and Mexico all performed strongly among a new income-adjusted ranking due to their ability to channel their more limited resources to implement strong policy and advance a future skills agenda.
  • Among the world’s largest economies, the US, UK, France and Russia all fell back in the index, while China, India and Indonesia took steps forward.

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