Denmark Current Affairs - 2020

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Global Talent Competitive Index: Key Facts

The Global Talent Competitive Index prepared by the INSEAD business school in partnership with Tata Communications and Adecco Group was released on the first day of the World Economic Forum (WEF) Annual Meeting 2019.

The Global Talent Competitive Index measures how countries and cities grow, attract and retain talent, ranking 125 countries and 114 cities across all groups of income and levels of development.

Where does India stand?

The findings of the 2019 Global Talent Index for India are:

  • Even though India has moved up one position to rank 80th on the global talent competitive index, India remains a laggard among the BRICS nations.
  • India’s performance was better than its lower-income peers when it comes to growing talent (48th) and access to growth opportunities (41st).
  • In spite of the scope for improvement across the board, India’s biggest challenge is to improve its ability to attract (95th) and retain (96th) talent.
  • India needs to address its poor level of Internal Openness (116th) in particular with respect to weak gender equality and low tolerance towards minorities and immigrants and its disappointing showing in lifestyle (112th) indicators.

Global Findings

The global findings of the Index are:

  • Switzerland is followed by Singapore, the US, Norway and Denmark in the top five on the list.
  • The talent gap between higher and lower-income countries has widened over the last five years.
  • Countries in Asia, Latin America and Africa are seeing a progressive erosion of their talent base.
  • China’s ranking fell by two places to 45. Even then China is the best performer among BRICS countries.
  • The report cities rather than countries are developing stronger roles as talent hubs and will be crucial in reshaping the global talent scene.
  • The top-ranked city in the index is Washington DC, followed by Copenhagen, Oslo, Vienna and Zurich.

The study found that entrepreneurial talent has become a key differentiator in relative talent competitiveness.

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Vibrant Gujarat Global Summit 2019

Prime Minister Narendra Modi inaugurated the 9th edition of Vibrant Gujarat Summit. On the occasion, the Prime Minister also set the target for breaching into top 50 rankings of the ease of doing business.

The three-day Vibrant Gujarat Summit will witness the participation of the heads of five countries Uzbekistan, Rwanda, Denmark, Czech Republic and Malta – and over 30,000 national and international delegates. A round-table interaction with the heads of global funds, ‘Africa Day’ and an MSME convention would also be held during the convention.

Vibrant Gujarat Summit

Vibrant Gujarat Summit conceptualized in 2003 by then Chief Minister of Gujarat Narendra Modi, to establish Gujarat as a preferred investment destination within India.

The objectives of the Vibrant Gujarat Summit are:

  • Strengthen the foundation for Gujarat to become economically and socially the most developed state in India by 2030, at par with the best in the developed world.
  • Leveraging Gujarat’s manufacturing leadership in the country and it’s economic strength, to connect the global investor with India and the state.
  • Attract the brightest minds from across the world to ideate, showcase innovation and best practices, and discuss their application to the state and the nation.
  • Empower India to compete with the best global economies.
  • Provide a platform for global business networking.

Over the time the Summit has evolved into a platform for brainstorming on agendas of global socio-economic development, in addition to being a facilitator for knowledge sharing and forging effective partnerships.

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