Education Current Affairs - 2020

Institute for Management Development releases World Competitive Index

The Institute of Management Development recently released the World Competitive Index. India ranked 43rd in the ranking.

Highlights

In 2019, India was at the 43rd ranking. Since 1989, India had ranked 41st in the World Competitiveness Ranking. However, it slipped to 45th rank in 2017 and secured 44th in 2018. The continuous low ranking of India is mainly due to poor infrastructure and insufficient education investment.

According to the ranking, India has improved in long term employment growth, foreign currency reserves, overall productivity, education. On the other hand, India had declined in taxes, real GDP growth, competition legislation, exchange rate stability.

Other Countries

Singapore secured the top position in the ranking system. Denmark was at the second position, followed by Switzerland, Netherlands, Hong Kong.

The ranking is created by the business school based in Singapore and Switzerland.

China slipped from 14th place to 20th and US moved to 10th place. Among the BRICS countries, China topped followed by India, Russia, Brazil and south Africa.

India joins Global Partnership on Artificial Intelligence

On June 15, 2020, India joined the Global Partnership of Artificial Intelligence as a founding member.

Highlights

The other leading member countries that joined along with India are UK, USA, European Union, Australia, France, Canada, Germany, Mexico, Italy, Republic of Korea, Singapore, New Zealand, etc. The Gee-Pay or GPAI-Global Partnership on Artificial Intelligence is a multi-stake holder initiative that will guide development of Artificial Intelligence.

About GPAI

The GPAI is the first initiative of its kind that will help to understand the opportunities and challenges of Artificial Intelligence better. The GPAI will into opportunities to bridge the gaps between theories of AI and AI supported researches to increase AI-related priorities.

India

India had recently launched the National AI Strategy and National AI portal. It has leveraged AI across various sectors such as education, health care, agriculture, E-Commerce, telecommunications, finance, etc. Therefore, by joining GPAI, India with its experience shall help in global development of AI.

The main problem of AI is that it greatly affects labour population as a good developed AI system reduces work force. Being a populated country, India launces its AI related initiative addressing this issue of AI. Every AI initiative of India including the recently launched National AI strategy includes this problem and aims to develop AI considering its impacts on labour force.