Higher Education – RUSA, NIRF, HEFA, etc.

Global Talent Competitiveness Index 2019

Note4Students

From UPSC perspective, the following things are important :

Prelims level : Global Talent Competitiveness Index 2019

Mains level : Read the attached story

  • The Global Talent Competitiveness Index (GTCI) report 2019 was recently published.

Global Talent Competitiveness Index

  • Launched in 2013, the GTCI is an annual benchmarking report that measures the ability of countries to compete for talent.
  • The report, which covers 125 economies and 114 cities, is based on research conducted by in partnership with The Adecco Group and Tata Communications.
  • It aims to advance the current debate around entrepreneurial talent, providing practical tools and approaches to leverage the full potential of individuals and teams as an engine and a basis for innovation, growth, and ultimately competitiveness.

Performance worldwide

  • In the 2019 GTCI, six Asia-Pacific countries rank in the top 30: Singapore takes the lead in the region (2nd globally), followed by New Zealand (11th), Australia (12th), Japan (22nd), Malaysia (27th) and South Korea (30th).
  • Top-ranking countries share several characteristics; including having talent growth and management as a central priority, openness to entrepreneurial talent, open socio-economic policies as well as strong and vibrant ecosystems around innovation.
  • Singapore continues to occupy the top spot in Asia Pacific. It is the highest-ranked country in three of the six pillars – Enable, Attract, and Global Knowledge Skills.
  • It is also one of the strongest performers with respect to the pillar on Vocational and Technical Skills. However, it ranks low in Retain, signifying its relative weakness in retaining talent.

India’s Performance

  • India remains the laggard in the BRICS (Brazil, Russia, India, China and South Africa) region.
  • It was ranked 80 even as Singapore retained its leading position in the Asia-Pacific region for the sixth consecutive year.
  • It performs better than its lower-income peers when it comes to growing talent, primarily by virtue of the possibilities for Lifelong Learning and Access to Growth Opportunities.
  • An above-average Business and Labour Landscape and Employability raise the scores of the pillars related to Enable and Vocational and Technical Skills that are otherwise hampered by the remaining sub-pillars, the report said.

Challenges to India

  • Notwithstanding the scope for improvement across the board, India’s biggest challenge is to improve its ability to Attract and Retain talent.
  • Above all, there is a need to address its poor level of Internal Openness —in particular with respect to weak gender equality and low tolerances towards minorities and immigrants.
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