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India is below Rwanda, Sri Lanka and slightly above Ghana, Bhutan in global talent competitiveness ranking

Updated: Jan 16, 2017 11:35:50am
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India is below Rwanda, Sri Lanka and slightly above Ghana, Bhutan in global talent competitiveness ranking

New Delhi, Jan 16 (KNN) India has slipped 3 places to 92nd rank on the global index of talent competitiveness that measures how countries grow, attract and retain talent.

The list is topped by Switzerland. India's ranking is worst among the five BRICS countries. Last year, India came in at 89th on the index.

While China was ranked at the 54th place, Russian Federation was placed at 56th, followed by South Africa at 67th and Brazil 81st. India’s score is even lower than Sri Lanka and Rwanda and is slightly better than Kenya, Bhutan and Ghana.

Launched for the first time in 2013, the Global Talent Competitiveness Index (GTCI) is an annual benchmarking report that measures the ability of countries to compete for talent. The report ranks 118 countries according to their ability to grow, attract and retain talent.

GTCI report provides a tool-kit for governments, businesses and non-profit organisations throughout the world.

Switzerland topped the overall index, followed by Singapore and the United Kingdom in second and third places respectively, in the list released today by INSEAD Produced in partnership with The Adecco Group and the Human Capital Leadership Institute of Singapore (HCLI).

Others in the top 10 include the United States (4th), Sweden (5th), Australia (6th), Luxembourg (7th), Denmark (8th), Finland (9th) and Norway (10th).

According to the report, BRICS countries are not getting stronger and both China and India have slipped from their year-ago rankings.

“Within the group of upper-middle-income countries, BRICS countries are not getting stronger. In recent years, we have witnessed a cooling off in the growth of emerging markets, and the big emerging countries are among those that had decelerated the most. Indeed, we note the relative decline in the talent competitiveness of the BRICS,” said the report.

“Although China attains an impressive 4th place in the sub-pillar of Talent Impact and is solid in the Grow pillar— mainly supported by good Formal Education (23rd) and Lifelong Learning (20th), the shortage of Vocational and Technical Skills shows up clearly. China also still has ample room for improvement in the Attract pillar (100th). India counts on a relatively solid pool of Global Knowledge Skills (66th), at least compared with other emerging markets, but the country is not able to retain, let alone attract, talent (where it ranks 104th and 114th, respectively). This is not likely to improve until India boosts performance in its Regulatory (94th) and Market (99th) Landscapes,” added the report.

It further said that overall, a challenge for countries such as China and India is to attract talent from abroad, particularly in the context of large emigration rates of high-skilled people. 

Read full report: http://global-indices.insead.edu/gtci/documents/GTCI2017.pdf

(KNN Bureau)

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