India has ranked 81st out of 119 countries on 2018 Global Talent Competitiveness Index (GTCI). This marks an improvement as compared to 92nd 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:
|3||United States of America|