Global Talent Competitiveness Index – Entrepreneurial Talent and Global Competitiveness

For: Preliminary

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News Flash

Launched for the first time in 2013, the Global Talent Competitiveness Index (GTCI) is an annual benchmarking report that measures the ability of countries to compete for talent.

GTCI aims to advance the current debate around entrepreneurial talent, providing practical tools and approaches to leverage the full potential of individuals and teams as an engine and a basis for innovation, growth, and ultimately competitiveness.

One of the key working assumptions on which this report is based is that entrepreneurial talent cannot be reduced to some innate quality found in successful business founders and leaders.

The report, which covers 125 economies and 114 cities, is based on research conducted by INSEAD.

 

INSEAD: INSEAD is a graduate business school with campuses in Europe, Asia, and the Middle East. “INSEAD” is originally an acronym for the French “Institut Européen d’Administration des Affaires” or European Institute of Business Administration. INSEAD is consistently ranked among the best business schools in the world.

 

Findings

• Switzerland continues to lead the 2019 Global Talent Competitiveness index.
• Yemen has finished at the bottom of this year’s index at 125th.

India’s performance

• India remains the laggard in the BRICS (Brazil, Russia, India, China and South Africa) region and was ranked 80.
• It performs better than its lower-income peers when it comes to growing (48th) talent, primarily by virtue of the possibilities for Lifelong Learning (38th) and Access to Growth Opportunities (41st).
• An above-average Business and Labour Landscape (38th) and Employability (34th) raise the scores of the pillars related to Enable (70th) and Vocational and Technical Skills (72nd) that are otherwise hampered by the remaining sub-pillars.
• Notwithstanding the scope for improvement across the board, India’s biggest challenge is to improve its ability to Attract (95th) and Retain (96th) talent.
• Above all, there is a need to address its poor level of Internal Openness (116th)—in particular with respect to weak gender equality and low tolerances towards minorities and immigrants—and its disappointing showing in Lifestyle indicators.

 

Source: The Hindu 

 

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