India ranks 78th globally in Global Talent Competitiveness Index (GTCI) 2014

India ranked 78th globally in Global Talent Competitiveness Index (GTCI) 2014 list of 93 countries in terms of talent competitiveness of its human capital.
This GTCI list was compiled by INSEAD business school in partnership with Adecco and Human Capital Leadership Institute of Singapore (HCLI).
GTCI measures a nation’s competitiveness based on the quality of talent it can produce, attract and retain.

Key facts of Global Talent Competitiveness Index (GTCI) 2014 list

• Top twenty scoring countries in the GTCI 2014 are all high-income countries. While, the top rankings were dominated by European countries, with only six non-European countries in the top 20 which included Singapore (2nd), the United States (4th), Canada (5th), Australia (9th), New-Zealand (16th) and Japan (20th).
• Rich countries were able to top in the list, since they tend to have better universities and a greater ability to attract foreign talents through higher quality of life and remuneration, making them more talent competitive.
• Top 10 in GTCI list: Switzerland (1st), Singapore (2nd), Luxembourg (3rd), United States (4th) and Canada (5th), Sweden (6th), United Kingdom (7th), Denmark (8th), Australia (9th) and Ireland (10th).
• India’s lower position indicates acute shortage of skilled workforce. It also ranks at last among BRICS members.
• India’s neighbuors in GTCI list:  China (41th), Sri Lanka (76th), Pakistan (89th), Bangladesh (90th).

Month: Current Affairs - January, 2015