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.
- 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 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.