India slips 3 places to rank 92nd in global talent competitiveness index

17 Jan 2017 Evaluate

India has slipped 3 places to 92nd rank from last year rank of 89th in the latest rankings of the global talent competitiveness index. This index measures how countries grow, attract and retain talent. The report accompanying the rankings by INSEAD Produced in partnership with The Adecco Group and the Human Capital Leadership Institute of Singapore (HCLI), said that India’s information technology (IT) sector is already witnessing jobless growth, paralleling the recently publicised downside of the tech boom in the United States that not enough jobs.

According to the report, among the five BRICS countries, India’s ranking was worst, while China was ranked at the 54th place, Russian Federation was placed at 56th, followed by South Africa at 67th and Brazil 81st. It said that within the group of upper-middle-income countries, BRICS countries are not getting stronger and both China and India have slipped from their year-ago rankings.

The report though noted that India stood on a relatively solid pool of global knowledge skills compared with other emerging markets, but the country is not able to retain and attract talent. In terms of retaining and attracting talent, India was ranked at a lowly 104th and 114th, respectively. As per the report, this is not likely to improve until India boosts performance in its regulatory (94th) and market (99th) landscapes. It further said that overall, a challenge for countries such as China and India is to attract talent from abroad, particularly in the context of large emigration rates of high-skilled people. It added that although diasporas have been engaged successfully in some industries, a great deal of talent continues to leave the country, and thus India still experiences a brain drain.

In the list Switzerland topped the overall index, followed by Singapore and the United Kingdom in second and third places respectively. Others in the top 10 included the United States (4th), Sweden (5th), Australia (6th), Luxembourg (7th), Denmark (8th), Finland (9th) and Norway (10th).

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