India dropped to 92nd rank in the Global Talent Competitiveness Index (GTCI) released by INSEAD in partnership with The Adecco Group and the Human Capital Leadership Institute of Singapore (HCLI). Last year India stood at 89.
- The global index of talent competitiveness measures the ability of the countries to grow, attract and retain talent. The list was topped by Switzerland.
India ranked worst among the five BRICS Nations
|Top 10 nations in the Index|
Findings of the Report
The report stated that among BRICS nations both India and China performed bad with deteriorating rank.
- Though India is seen as the most emerging market as compared to other countries, still it could not show its potential in retaining and attracting talent. In terms of retaining and attracting talent, India was ranked at the lowest 104th and 114th, position.
- The report also suggested that India’s position is not going to improve unless India boosts performance in its regulatory and market area which had ranking of 94 and 99 respectively compared to other nations.
- It said that China and India has a great challenge to attract talent from abroad, in order to improve its position that will help to maintain a high skilled people profile. Many efficient talents still continues to leave the country for which India still experiences a brain drain.
Global Talent Competitiveness Ranking of Cities
For the first time the index also released a global talent competitiveness ranking of cities on the basis of their reputation and growing efforts in attracting, growing, and retaining global talent.
- Among the Indian cities, only Mumbai made it to the list which was topped by Copenhagen.
The top 10 global cities
About the Global Talent Competitiveness Index (GTCI)
Global Talent Competitiveness Index (GTCI) was launched in 2003. It is an annual report that forms a basis of benchmarking for all nations. The report ranks 118 countries according to their ability to grow, attract and retain talent.
- The report enables the government of the nations to develop strategies to overcome talent mismatches on the basis of the data and become competitive in the global market.
- The 2017 GTCI study focuses on how technology is affecting talent competitiveness and the nature of work. It takes into account both the positive and negative aspect of the technology in work place.
- Besides, in 2017 the index also launched a list for the first time based on the capability of the cities t retain and attract talent.