From UPSC perspective, the following things are important :
Prelims level : GTCI 2020
Mains level : Unemployment in India
What is the news: The Global Talent Competitiveness Index (GTCI) was recently published.
- India has climbed eight places to 72nd rank in the GTCI which was topped by Switzerland, the US and Singapore.
- Sweden (4th), Denmark (5th), the Netherlands (6th), Finland (7th), Luxembourg (8th), Norway (9th) and Australia (10th) complete the top 10 league table.
- In the BRICS grouping, China was ranked 42nd, Russia (48th), South Africa (70th) and Brazil at 80th position.
- This year’s GTCI report explores how the development of AI is not only changing the nature of work but also forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems.
About the GTCI report
- It was started in 2013 and is an annual benchmarking report that measures the ability of countries to compete for talent, their ability to grow, attract and retain talent.
- Theme for 2020 was ‘Global Talent in the Age of Artificial Intelligence’. It explores how the development of artificial intelligence (AI) is not only changing the nature of work but also forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems.
- Inequality: The report noted that the gap between high income, talent-rich nations and the rest of the world is widening. More than half of the population in the developing world lack basic digital skills.
- About GTCI Report: It is launched by INSEAD, a partner and sponsor of the United Nation’s Sustainable Development Goals (SDGs) Davos, Switzerland recently.
- INSEAD is one of the world’s leading and largest graduate business schools with locations all over the world and alliances with top institutions.
- The report, which measures countries based on six pillars:
- retain talent
- vocation and technical skills
- global knowledge skills