India advances 8 places to 72nd place in the Global Talent Competitiveness Index

DAVOS: India has risen eight places to position 72 in 2020 that measures and classifies countries based on their ability to grow, attract and retain talent.

Switzerland topped the list of 132 countries, followed by the USA. UU. & Singapore .

Although more could be done to improve the country's education system (68th in Formal Education), India's key strength is related to growth (44th) talent, due to its levels of lifelong learning (40th) and access to growth opportunities (39º). The Global Talent Competitiveness Index (GTCI) report noted.

The highest ranked subpillar of the country is employability, but the ability to match demand and labor market supply contrasts with the country's poor mid-level skills, which result in a mediocre score in vocational and technical skills, according to the report. . .

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

The GTCI report was presented by INSEAD, partner and sponsor of the United Nations Sustainable Development Goals (SDGs) store in Davos, Switzerland, on Wednesday.

Switzerland topped this year's ranking, followed by the United States, its highest position yet, while Singapore is the third most talent-competitive country.

Other countries in the top 10 include Sweden in the 4th position, Denmark (5th), the (6th), Finland (7th), Luxembourg (8th), Norway (Ninth) and Australia (tenth).

The report also said that India's GTCI score and GDP per capita are lower than the corresponding median of its other emerging market economies, such as Brazil, Russia, China and South Africa.

Therefore, the country's talent competitiveness is in line with what would be expected given its income level, the report said.

China ranked 42, Russia (48), South Africa (70) and Brazil (80).

The report noted that the gap between high-income and talent-rich countries and the rest of the world is widening. More than half of the population in the developing world lacks basic digital skills.

This year's GTCI report explores how the development of artificial intelligence (AI) is not only changing the nature of work but also forces a reevaluation of practices in the workplace, corporate structures and innovation ecosystems.

There is no doubt that AI changes the rules of the game in all industries and sectors. At this critical juncture, the race for AI-compatible and AI-compatible talent and the search to develop the required skills will only intensify, said Bruno Lanvin, Executive Director of Global Indices at INSEAD, and co-editor of the report.