We Indians think our Intellectual capital is best in the world but what is the measure for validating the same? Which metrics will you use? My view is you can consider two parameters
Human Development Index – The composite statistic of life expectancy, education, and income per capita indicators. A country scores higher HDI when the life expectancy at birth is longer, the education period is longer, and the income per capita is higher. India Ranks 130 from 187 UN members.
World Happiness Report – These variables currently include real GDP per capita, social support, healthy life expectancy, freedom to make life choices, generosity, and perceptions of corruption. Each country is also compared against a hypothetical nation called Dystopia. Dystopia represents the lowest national averages for each key variable and is, along with the residual error, used as a regression benchmark. India Ranks 122 from 187 UN Members
I am a firm believer that beliefs should be supported with data, and if on above two metrics we are at bottom 33% then accept the fact that we are a poor country and neither have great Intellectual capital. Otherwise, we should have had better ranking in above two parameters.
In top 10 GDP Countries India is at the bottom for per capita Income and is 5 times lower than the 9th in list (i.e. China).