Global Talent Competitiveness Index, 2020

Syllabus subtopic: Important International Institutions, agencies and fora - their Structure, Mandate.

Prelims and Mains focus: about the index and its findings; India performance in the index

News: Global Talent Competitive Index (GTCI) 2020 was released at the annual meeting of the World Economic Forum (WEF) on January 22, 2020.

What is this index?

The GTCI report was launched by INSEAD, a partner and sponsor of the United Nation’s Sustainable Development Goals (SDGs) Tent, with the help of Google and Adecco Group

This index shows the ability of countries to make the world progress, retain and attract talent. They are ranked based on their abilities.

GTCI gives ranking based on six indicators – attract, retain, enable, grow, vocational skills and global knowledge skills.

The GTCI is an input-output based ranking system that takes ‘what does the country produce and acquires’ as input and ‘result from the skill’ as output.

Global Findings

Switzerland secured the first position while the USA is on second and Singapore got third place.
Among the top ten countries, Sweden ranked fourth, Denmark fifth, Netherlands sixth, Finland seventh, Luxembourg eighth, Norway ninth and Australia 10th.
China ranked 42nd, Russia at 48th, Brazil secured 80th while South Africa grabbed the 70th position in the list

GTCI 2020: Top 10 Countries
Rank	Country	Score
1	Switzerland	81.26
2	USA	79.09
3	Singapore	78.48
4	Sweden	75.82
5	Denmark	75.18
6	Netherlands	74.99
7	Finland	74.47
8	Luxemburg	73.94
9	Norway	72.91
10	Australia	72.53

India Specific Findings

India has secured 72nd place in the list while last year India was ranked 80th in Global Talent Competitive Index.

Kazakhstan, India and Sri Lanka have occupied the top 3 spots in the Central and South Asia region.

According to the GTCI, India's biggest challenge is to attract talent and retain them in the country. India got 92nd and 95th place respectively in this category.

India’s Vocational and Technical Skill score is 76 while secured 113th place in the Mid-Level Skills list.

Source: Indian Express

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