Question: What is India’s position in released IMD World Talent Ranking 2019?
(a) 59th
(b) 53rd
(c) 57th
(d) 61st
Answer: (a)
Related facts:
(a) 59th
(b) 53rd
(c) 57th
(d) 61st
Answer: (a)
Related facts:
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- IMD World Talent Ranking- 2019 was released on November 18, 2019.
- India has slipped 6 places from 53rd in 2018 to 59th rank this year on a global annual list of 63 countries.
- International Institute for Management Development (IMD) is a business education school based in Switzerland.
Methodology:
- The IMD World Talent Ranking scores countries across three factors of investment and development, readiness and appeal.
- The Investment and Development factor measures the resources committed to cultivate home grown human capital.
- The Appeal factor evaluates the extent to which a country attracts local and foreign talent. And, the Readiness factor quantifies the quality of the skills and competencies that are available in a country.
Key facts:
- In 2019, the top of the table is still led by European small and mid-size economies.
- Switzerland retained its title as the world’s top talent hub and topped the ranking, followed by Denmark (2nd) and Sweden (3rd).
- Most leading economies emphasized long-term talent development by focusing on investment and development.
- North-central Asian country Mongolia is least competitive (63rd rank).
India’s status:
- In the published index India is lagging behind fellow BRICS countries – China ranked 42nd on the list, Russia (47th) and South Africa (50th).However, Brazil is at 61st rank in the 2019 list.
- India also witnessed one of the sharpest declines among Asian economies.
- The decline is due to low quality of life, negative impact of brain drain, and the low priority of its economy on attracting and retaining talents.
Links:
https://www.imd.org/wcc/world-competitiveness-center-rankings/world-talent-ranking-2019/