India ranks behind countries like Rwanda, Botswana and Colombia
GN Bureau | January 16, 2017
India stood 92nd in the latest rankings of the global talent competitiveness index. Switzerland topped the rankings, with Singapore coming second. United Kingdom was in the third position.
The report accompanying the rankings said that India’s information technology (IT) sector is already witnessing jobless growth, paralleling the recently publicised downside of the tech boom in the United States—not enough jobs.
It said that within the group of upper-middle-income countries, BRICS countries are not getting stronger. In recent years, we have witnessed a cooling off in the growth of emerging markets, and the big emerging countries are among those that had decelerated the most. Indeed, we note the relative decline in the talent competitiveness of the BRICS, especially in Brazil (81st versus 67th in 2015–16) where scores decline all round, particularly in terms of growing talent—the pool of Global Knowledge Skills (76th) is still limited compared with developed countries, even though universities in Brazil rank high in quality.
China (54th versus 48th in 2015–16) and India (92nd versus 89th in 2015–16) slip somewhat. Although China attains an impressive 4th place in the sub-pillar 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. India counts on a relatively solid pool of Global Knowledge Skills (66th), at least compared with other emerging markets, but the country is not able to retain, let alone attract, talent (where it ranks 104th and 114th, respectively). This is not likely to improve until India boosts performance in its Regulatory (94th) and Market (99th) Landscapes, the report added.
The report noted that 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 (with India being more at risk of brain drain despite the connection with the diasporas working in the information technology sector).
Without doubt, the improvement of India would have the greatest impact in terms of the pool of talent not only in this region but also globally.
Emerging and developing countries such as Mexico, Indonesia, and India may have to rethink their growth models and invest in upskilling the workforce, it added.
Read: Global Talent Competitiveness Index 2017 rankings
After spending almost a month among tribals of Mandla in Madhya Pradesh, I can confidently say that by restricting ourselves to Public Distribution System (PDS), we cannot solve the food security issues of the country. The problem is graver. In a district like Mandla, where aboriginals like Bai
The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at 2.60% (provisional) for the month of September, 2017 (over September,2016) as compared to 3.24% (provisional) for the previous month and 1.36% during the corresponding month of the previous year, authorities said.
Digital India program has the potential to provide an incremental 20-30 percent increase in India’s GDP by 2025. Since its launch in July 2015, significant progress has been made in several initiatives under Digital India, said union minister KJ Alphons. Several of the flagship project
Achal Khare, MD, National High Speed Rail Corporation, is a man with big responsibility – of realising India’s dream of running a bullet train. In conversation with Vishwas Dass, Khare lists various challenges before the NHSRCL – the executing agency of the Ahmedabad-Mumbai high speed
Many will be surprised to know that 80 years ago, trains ran at a faster speed in North America and Western Europe than in India today. On the shorter distances (up to 500 km), daytime inter-city trains achieved average speed of 120 to 130 kmph, and on the longer routes (more than 1,000 km) speed was only
If all goes well, India’s first high-speed train would zip by in December 2023. In fact, railways minister Piyush Goyal is even confident that the 508-km Ahmedabad-Mumbai high-speed rail (HSR) project would be completed much before that, by August 2022 – on the country’s 75th indepe