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Blog / 31 Jan 2020

(Daily News Scan - DNS English) Global Talent Competitiveness Index 2020

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(Daily News Scan - DNS English) Global Talent Competitiveness Index 2020


Global Talent Competitiveness Index (GTCI), an annual benchmarking tool, ranks India 72nd among 132 nations. The GTCI 2020 was released at the World Economic Forum in Davos .The GTCI report is compiled by INSEAD-a partner and sponsor of the United Nation's Sustainable Development Goals (SDGs), in collaboration with human resource firm Addeco and Google. Countries like Switzerland, the United States and Singapore lead the index.

In this DNS we will know about Global talent competitive index and also about India’s ranks in comparison to other countries.

The Global talent competitiveness index is an annual report that measures and ranks countries based on their ability to- grow, attract, enable, vocational skills, Gk skills and retain talent. It was launched in the year 2014. This index provides a wealth of data and analysis which is helpful for the decision makers in developing talent strategies, overcome talent mismatches and become more competitive in the global marketplace. There have been made some changes in the indicators this year.

A technology adoption component that provides a measure of how countries use and invest in new technologies, including AI has been added this year. Now, the total number of indicators has increased from 68 to 70. Country coverage in the GTCI 2020 has also expanded and the index now includes 132 countries - up from last year’s 125 countries.

The theme for 2020 was Global Talent in the Age of Artificial Intelligence. This edition of GTCI explores how the development of Artificial Intelligence (AI) is changing the nature of work and forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems. This year, the model has been improved in three ways:

  • First - variables that are more business and impact oriented — for example, those on foreign direct investment and patent applications—have been introduced to the model.
  • Second, the share of values proxied by regional or national data has been reduced, so that almost all values refer to city-level data.
  • Third, the structure of the model has been refined in that some indicators have been placed in another pillar for conceptual reasons, which has also resulted in bringing the GCTCI model closer to the GTCI model.

A gap was noted between high income, talent-rich nations and the rest of the world is widening. As per the report, more than half of the population in the developing world lacks basic digital skills.

Now let us know about India’s performance in this index.

India has climbed eight places to 72nd rank in the 2020 Global Talent Competitiveness Index (GTCI).

The country's educational system is on (68th in Formal Education). India's key strength relates to growing (44th) talent, due to its levels of lifelong learning (40th) and access to growth opportunities (39th).

As per the reports, the country's highest-ranked sub-pillar is employability, but the ability to match labour market demand and supply stands in contrast to the country's poor "mid-level skills", which result in average score in vocational and technical skills.

India's biggest challenge is to address its weak ability to attract and retain talent, where strengthening the role of minorities and women would raise the level of internal openness.

According to the report- India’s GTCI score and GDP per capita are both lower than the corresponding medians of its other emerging market economies such as BRICS - Brazil, Russia, China, and South Africa. In the BRICS group, China was ranked 42nd , Russia 48th, South Africa 70th and Brazil on 80th rank.

Lastly, let us know the countries in ascending order of their rankings in the index this year- Switzerland 1st , the US 2nd , Singapore 3rd , Sweden 4th , Denmark 5th , the Netherlands 6th , Finland 7th, Luxembourg 8th , Norway 9th and Australia 10th .