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DAILY NEWS ANALYSIS

GS-II :
  • 25 January, 2020

  • 3 Min Read

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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