Global Talent Competitiveness Index
India has moved up eight places to the 72nd position in the 2020 Global Talent Competitiveness Index (GTCI)released recently that measures and ranks countries based on their ability to grow, attract and retain talent.
• GTCI is an annual benchmarking tool developed in 2013 by INSEAD, in partnership with the Adecco Group and Google. The GTCI 2020 was released at the World Economic Forum in Davos.
• The index, which includes 70 variables and covers 132 countries, ranks India at no. 72.
Switzerland, USA and Singapore took the top-three positions in GTCI 2020.
As far as the regional group (Central and Southern Asia) is concerned, Kazakhstan, India and Sri Lanka took the top three spots in the region.
In the BRICS grouping, China was ranked 42nd, Russia (48th), South Africa (70th) and Brazil at 80th position.
The report, which measures countries based on six pillars — enable, attract, grow, and retain talent along with vocation and technical skills, and global knowledge skills — ranked India 44 in growing talent — highest position among six pillars.
Theme for 2020 was ‘Global Talent in the Age of Artificial Intelligence’. It explores how the development of artificial intelligence (AI) is not only changing the nature of work but also forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems.
GTCI is an Input-Output model in the sensethat it combines an assessment of what countries do to produce and acquire talents (Input) and the kind of skills that are available to them as a result (Output). It helps in attracting FDI & creative people (through high-skilled migration).
As per GTCI 2020, when it comes to India, more could be done to improve the country’s educational system (68th in Formal Education). India’s key strength relates to growing (44th) talent, primarily by virtue of the possibilities for Lifelong Learning (40th) and Access to Growth Opportunities (39th). Its highest-ranked sub-pillar, however, is Employability (28th), but the ability to match labour market demand and supply stands in contrast to the country’s poor Mid-Level Skills (113th), which result in a mediocre score in Vocational and Technical Skills (76th).
India’s greatest challenge is to address its weak ability to attract (92nd) and retain (95th) talent. With regard to the former pillar, there is a need to strengthen the role of minorities and women in order to raise the level of Internal Openness (104th).As for the latter pillar, India’s low scores in the indicators that relate to the quality of life (Lifestyle, 115th) fall well short of its more positive showing in Sustainability (53rd).
Its definition should be broadened to include apprenticeships, training, and continuous education as well as experience and access to growth opportunities.
AI policies and programmes should work to minimise negative outcomes and increase access to AI thus bridging digital divide.
PEPPER IT WITH
SDGs,Global Competitiveness Report