India Ranks 81st on Global Talent Competitiveness Index

India has ranked 81^st out of 119 countries on 2018 Global Talent Competitiveness Index (GTCI). This marks an improvement as compared to 92^nd rank in 2017. The index was released on January 23, 2018, the first day of World Economic Forum Annual Meeting in Davos, Switzerland.

About Global Talent Competitiveness Index (GTCI):

GTCI is an annual study that measures and ranks countries and cities on its ability to grow, attract and retain talent.

• It was launched in 2013.
• GTCI serves as a reference tool for Governments, Businesses and not-for-profit organisation to analyse the current human resource trends and form their talent management strategy.
• 2018 Global Talent Competitiveness Index (GTCI) has been developed by INSEAD, Adecco Group and Tata Communications.

Highlights of 2018 Global Talent Competitiveness Index (GTCI):

The report has outlined that developed, high income countries continue to dominate the rankings and there seems to be a correlation between Gross Domestic Product (GDP) and GTCI scores.

• 2018 Global Talent Competitiveness Index (GTCI) report has been titled ‘Diversity for Competitiveness’ and focuses on role of diversity in forming talent policies and innovation strategies.
• Although India’s ranking has improved this year, the report has warned that it faces a serious risk of worsening brain drain.
• Switzerland has retained its top position. It is followed by Singapore and USA at No. 2 and No. 3 respectively.
• 8 out of the top 10 spots on the index are occupied by European countries.
• Zurich (Switzerland), Stockholm (Sweden) and Oslo (Norway) took the top spots in Global Cities Talent Competitiveness Index (GCTCI).

2018 Global Talent Competitiveness Index (GTCI) – Top 10: