Abstract
World Economic Forum's report highlights that Norway has performed substantially well in terms of its human capital development, while India continues to struggle in improving quality of its human resources. The aim of this research is to identify the areas where India is lacking and lessons it can learn from its European counterpart Norway to improve its ranking in Global Human Capital Index. The crucial aspects of human development; education, employment and skill development of India and Norway were compared to identify path India can opt in next five years so that abundant human base of India is a resource and not a challenge. The findings are based on various research papers and journals, reports of organisations like World Bank, OECD report, Government of India data etc. The secondary data was used to compare both the countries and identify possible reasons for India lacking in human capital development. Statistical tools like NVivo also used.
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