At 80th rank, India moves up one position on the Global Talent Competitive Index (GTCI) 2019, according to a report released by INSEAD business school in partnership with Tata Communications and Adecco Group.

According to the report, India's biggest challenge is to improve its ability to attract and retain talent. It further added, there is a need to address its poor level of Internal Openness in particular with respect to weak gender equality and low tolerances towards minorities and immigrants—and its disappointing showing in lifestyle indicators.

China emerged as the best performer among the BRICS countries, with an overall position of 45th. However, India performed better than its lower-income peers when it comes to growing talent and access to growth opportunities.

“In the top ten of talent competitiveness ranking, only two non-European countries can be seen: Singapore and the USA. This underlines that Europe remains a talent powerhouse, but also that countries with great universities and a strong education sector are best at attracting talents. Because high-level talents are also more mobile internationally, no comparative advantage can be seen as irreversible, and those countries will need to remain open and innovative to keep their leadership,” said Bruno Lanvin, Executive Director, Global Indices, INSEAD, and co-editor of the report.

Switzerland followed by Singapore, the US, Norway and Denmark were in the top five on the list. The talent gap between higher and lower-income countries has increased over the last five years, the survey said, while noting that countries in Asia, Latin America and Africa are seeing a progressive erosion of their talent base.

“As the world of work rapidly changes, there is a danger that if countries and cities do not have the right conditions for attracting talent, people and businesses will move away and look for opportunities elsewhere. Nurturing it is a vital part of creating the right environment for talent to flourish and to lay the seeds for success in the future,” said Alain Dehaze, Chief Executive Officer, the Adecco Group.

The report measures levels of Global Talent Competitiveness by looking at 68 variables such as ease of ease of hiring, gender earnings gap, and prevalence of training in firms.

Now in its sixth year, this edition of the GTCI addresses the topic of entrepreneurial talent and global competitiveness and attempts to identify the ways in which large and small firms, nations, and cities can foster entrepreneurial talent in the era of digital transformation.

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