Global talent competitiveness ranking improves, but India ‘laggard’ among BRICS group
India’s ranking was the worst among the five BRICS countries in 2017 as well when China was ranked 54th, Russian Federation was placed at 56th, followed by South Africa (67) and Brazil (81)education Updated: Jan 23, 2018 15:15 IST
Davos India has moved up on a global index of talent competitiveness to the 81st position, but remains a laggard among the BRICS nations, an annual study showed here on Monday. A note of warning was also sounded: the country faces “serious risk of worsening brain drain”.
While Switzerland continues to top the list released every year on the first day of the World Economic Forum (WEF) annual meeting here, India has improved its position from 92nd last year. India was at the 89th place in 2016 on the indexthat measures how countries grow, attract and retain talent.
India’s ranking was the worst among the five BRICS countries in 2017 as well when China was ranked 54th, Russian Federation was placed at 56th, followed by South Africa (67) and Brazil (81).
China has moved up to 43rd now, Russia to 53rd, South Africa to 63rd and Brazil to 73rd position.
As per the study released by Adecco, Insead and Tata Communications, the developed, high-income countries are still the global talent champions whileZurich, Stockholm and Oslo take the top spots in the cities’ ranking.
Among the countries, Switzerland is followed by Singapore and the US. European countries dominate the top ranks, with 15 out of the top 25 places.
The report said that althoughin recent years we have witnessed a cooling off inthe growth of emerging markets, the BRICS cannot be ignoredin the global talent race and it is China (43rd) that leads the pack.
“India (81st) isthe laggard of this group. Formal Education (67th) and LifelongLearning (37th) are keeping pace -- and thus the pool of GlobalKnowledge Skills (63rd) is solid compared with other emerging markets.
“Where the country has plenty of room for improvement in minimising brain drain while achieving a brain gain by luringback some of its talented diaspora members (it ranks 98th in theAttract pillar) and in retaining its own talent (99th in Retain) -- particularly in the context of high emigration rates of high-skilledpeople (India is at serious risk of worsening its brain drain despitethe connection with the diasporas working in the informationtechnology sector),” the report said.