Global talent index: India slips to 92nd spot

India has slipped 3 places to 92nd rank on the global index of talent competitiveness that measures how countries grow, attract and retain talent, a list topped by Switzerland. The list was produced by global business school INSEAD, in partnership with The Adecco Group and the Human Capital Leadership Institute of Singapore

WORST AMONG BRICS NATIONS

India’s ranking is worst among the five BRICS countries. While China was ranked at the 54th place, Russian Federation was placed at 56th, followed by South Africa at 67th and Brazil 81st ■ Although China attains an impressive 4th place in the subpillar of Talent Impact and is solid in the Grow pillar — mainly supported by good formal education (23rd) and lifelong learning (20th), the shortage of vocational and technical skills shows up clearly was India’s ranking last year on the index

AT THE TOP

Switzerland topped the overall index, followed by Singapore and the United Kingdom in second and third places respectively. Others in the top 10 include the United States (4th), Sweden (5th), Australia (6th), Luxembourg (7th), Denmark (8th), Finland (9th) and Norway (10th)

TALENT RETENTION AN ISSUE

While India stood on a relatively solid pool of global knowledge skills compared with other emerging markets, the country is not able to retain and attract talent. ■ In terms of retaining and attracting talent, India was ranked at a lowly 104th and 114th, respectively. ■ This is not likely to improve until India boosts performance in its regulatory (94th) and market (99th) landscapes

THE CHALLENGE

Overall, a challenge for countries such as China and India is to attract talent from abroad, particularly in the context of large emigration rates of high-skilled people