From UPSC perspective, the following things are important :
Prelims level : Global Talent Competitiveness Index (GTCI)
Mains level : NA
- India’s ranking in the Global Talent Competitiveness Index (GTCI) has significantly declined from 83 a decade ago to 103 in the latest report released this month.
- India now finds itself positioned between Algeria (ranked 102) and Guatemala (ranked 104), all classified as lower-middle-income countries.
About Global Talent Competitiveness Index (GTCI)
- The GTCI ranks 134 countries based on their ability to grow, attract, and retain talent.
- It is released 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 ranks countries based on 6 pillars:
- retain talent
- vocation and technical skills
- global knowledge skills
India’s Ranking and Comparisons
- Rank 103: India’s current rank is well below the median score of the countries assessed in the GTCI.
- BRICS Nations: India’s performance in the GTCI is the weakest among the BRICS countries. China leads the group at rank 40, followed by Russia at 52, South Africa at 68, and Brazil at 69.
- Top Three Countries: These are Singapore, Switzerland, and the United States.
- Skills Mismatch: India faces an increased skills mismatch and difficulties in finding skilled employees, resulting in its low rankings in the ‘Employability’ and ‘Vocational and Technical Skills’ categories.
- Best-Performing Area: India’s best-performing area in the GTCI is “Global Knowledge Skills,” driven by innovation and software development, contributing to its 69th position in the “Talent Impact” sub-pillar.