Global Talent Competitiveness Index (GTCI), 2023:
The Global Talent Competitiveness Index has seen India fall sharply from rank 83 ten years ago to rank 103 in its latest report out recently.
- Global Talent Competitiveness Index (GTCI) measures how countries grow, attract, and retain talent.
- It is an annual benchmarking report published by the prestigious chain of business schools, INSEAD.
- It provides a unique resource for decision-makers to understand the global talent competitiveness picture and develop strategies to boost their economies.
- The index uses two sub-indices: input and output.
- The input measures regulatory and business environments, as well as steps being taken to foster talent and retain it.
Highlights of GTCI 2023:
- The 10th edition of the report covers 134 countries around the world across all income groups.
- Singapore, Switzerland, and the United States are among the top three countries on the index.
- Denmark, the Netherlands, Finland, Norway, Australia, Sweden, and the United Kingdom make up the rest of the Top 10.
- India is ranked 103, the worst among that of the BRICS countries. China remains at the top of the BRICS group of countries at rank 40, Russia at 52, South Africa at 68 and Brazil at 69.
- Other countries ranking better than India are Rwanda, Paraguay, Tunisia, Namibia, Bolivia, Ghana, El Salvador, Gambia, Kenya, Morocco, and Eswatini.
- As per the report, other emerging countries have shown improvements on this index, with China, Indonesia, and Mexico being cited for special mention.