INSEAD Current Affairs - 2019

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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.

Month: Categories: InternationalReports & IndicesUPSC

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Global Innovation Index (GII): India ranks 57th

In recently released Global Innovation Index (GII) 2018, India was ranked 57th among 130 countries. It was 11th edition of GII and was jointly released by Cornell University, INSEAD and World Intellectual Property Organisation (WIPO).  This year, India has moved up 3 places as compared to 60th rank in GII 2017 and emerged as top-ranked economy in Central and South Asia.

Key Highlights

India

India has maintained its top place in central and south Asia region. It has consistently moving up on global ranking from 81st in 2015 to 57th this year. In fact, it has climbed up the list third year in row. It ranked at 66th position in 2016 and 60th last year.

Strengths: These indicators have helped India to improve its ranking. It includes India’s human capital (graduates in science & engineering), growth rate of GDP per worker, exports of information and communication technology (ICT) and services, productivity growth and creative goods exports etc.

Weakness: India has fared badly on indicators such as ease of starting business, political stability and safety, overall education and environmental performance

Global Innovation Index (GII)

The GII global ranking is published by World Intellectual Property Organisation (WIPO) – a specialized agency of United Nations in association with Cornell University and graduate business school INSEAD. It ranks nations based on 80 indicators, ranging from intellectual property filing rates to R&D, online creativity, mobile application creation, computer software spending, education spending, scientific & technical publications and ease of starting business.

India’s Confederation of Indian Industry (CII) is one of the knowledge partners which assists GII team in bringing out the annual ranking. GII is published annually since 2007 and is considered leading benchmarking tool for business executives, policy makers and others seeking insight into state of innovation around the world. It is being used by them to evaluate progress on continual basis.

Month: Categories: Business, Economy & BankingReports & Indices

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