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Source: The post is based on the article “Global Talent Competitiveness Index 2023:India Slides Sharply, Worst Among the BRICS Group” published in “The Wire” on 15th November 2023
Why in the News?
The Global Talent Competitiveness Index 2023 has been released.
What is the Global Talent Competitiveness Index?
| Specifications | Details |
| Published by | INSEAD, in collaboration with Descartes Institute for the Future. |
| Aim | To measure how countries and cities grow, attract and retain talent. |
| Coverage | 134 countries |
| Parameters | The index is calculated based on two sub-indices: 1) Input framework: It measures countries’ regulatory and business environments, as well as what they are doing to attract, grow and retain talent. 2) Output framework: It measures the quality of talent in a country. |
What are the key rankings of Global Talent Competitiveness Index 2023?
| Specifications | Details |
| Topped by | Switzerland, Singapore and the United States are the top three ranked countries. |
| India’s rank | 103 out of 134 countries. Note: India’s rank was 83 ten years ago. |
| BRICS countries | China remained the leading member of the BRICS group at rank 40. India’s performance is the worst amongst that of the BRICS countries. |
What are the reasons for India’s fall in GTCI 2023?
1) India’s business sentiment decline affected talent attraction domestically and internationally. This impacted ‘External Openness’ and ‘Internal Openness’ rankings.
2) Challenges persist in aligning available skills with market demands. This resulted in lower rankings for ‘Employability’ and ‘Vocational and Technical Skills’.
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