India climbs 3 steps to 51 on IMD World Talent rankings

India has ranked 51^st out of 63 countries on IMD World Talent Ranking 2017. This marks an improvement of three spots as compared to previous year’s rank.

About IMD World Talent Ranking:

• IMD World Talent Ranking assesses the methods adopted by countries to attract and retain talent.
• It is compiled by leading global business school, IMD.
• Rankings of countries are based on performance on various parameters including education, workplace training, apprenticeships, language skills, quality of life, remuneration, tax rates and cost of living.
• These parameters are place under three broad categories viz. investment and development, appeal, and readiness.
• 2017 ranking is the fourth edition of IMD World Talent Ranking.

Highlights of IMD World Talent Ranking 2017:

• India’s overall rank is 51^st whereas on three broad categories viz. investment and development, appeal and readiness it has ranked 62nd, 43rd and 29th respectively.
• Arturo Bris, Head of Competitiveness, IMD Switzerland stated that India is not performing well in retaining local talent and attracting foreign labour.
• Remuneration levels, quality of life, security and property rights are the primary deterrent to domestic employment in India.
• India is much behind other economies in terms of investment in education. In fact, it ranks among the bottom five countries in terms of investment in education as a percentage of Gross Domestic Product (GDP).
• It has been outlined that India needs to focus on its education system as a key to prosperity and should take steps to prevent brain drain by providing better opportunities to local talent.
• Among BRICS nations, China ranked 40^th followed by Russia at 43^rd and South Africa at 48^th. Brazil ranked just after India at the 52nd spot. 
• Globally, Europe continues to dominate the rankings, with Switzerland, Denmark, and Belgium occupying the top three spots.

IMD World Talent Ranking 2017 – Top 10: