Daily Current Affairs – 2020
Topic: For Prelims and Mains
Global Talent Competitiveness Index (GTCI)
Why in news?
India has climbed eight places to 72nd rank in the 2020 Global Talent Competitiveness Index (GTCI), which was topped by Switzerland, the US and Singapore.
More about the Index :
- The Global Talent Competitiveness Index (GTCI) report is compiled by INSEAD in collaboration with human resource firm Addeco and Google.
- INSEAD is one of the world’s leading and largest graduate business schools with locations all over the world and alliances with top institutions.
- It is an annual benchmarking report that measures and ranks countries based on their ability to grow attract and retain talent.
- This is the seventh edition of the Global Talent Competitiveness Index (GTCI) report.
- Theme for 2020 Edition was ‘Global Talent in the Age of Artificial Intelligence’.
- This year’s GTCI report explores how the development of artificial intelligence (AI) is not only changing the nature of work but also forcing a re-evaluation of workplace practices, corporate structures and innovation ecosystems.
World Scenario :
- Switzerland topped the list of 132 nations, followed by the United States and Singapore.
- Report noted that the gap between high income, talent-rich nations and the rest of the world is widening.
- More than half of the population in the developing world lack basic digital skills.
- Sweden (4th), Denmark (5th), the Netherlands (6th), Finland (7th), Luxembourg (8th), Norway (9th) and Australia (10th) complete the top 10 league table.
- In the BRICS grouping, China was ranked 42nd, Russia (48th), South Africa (70th) and Brazil at 80th position.
Case of India :
- India ranks 72 in the Index.
- India’s key strength relates to growing (44th) talent, primarily by virtue of the possibilities for Lifelong Learning and Access to Growth Opportunities.
- Its highest-ranked sub-pillar, however, is Employability (28th), but the ability to match labour market demand and supply stands in contrast to the country’s poor Mid-Level Skills, which result in a mediocre score in Vocational and Technical Skills.
- India’s greatest challenge is to address its weak ability to attract and retain talent.
- With regard to the former pillar, there is a need to strengthen the role of minorities and women in order to raise the level of Internal Openness.
Fact for Prelims
Sagarmatha Sambaad :
- Sagarmatha Sambaad is the first ever multi-stakeholder diplomatic initiative of Nepal.
- Leaders of the member countries of the South Asian Association for Regional Cooperation (SAARC) and other global leaders are invited for the event.
- The event will be focusing on the threat of climate change to the modern world.
- Given the large number of global leaders, the event is expected to serve as a venue for bilateral interaction among leaders from various countries.
- The event is planned on April 2-4, 2020 which will highlight Nepal’s ability to assert its point of view before the global audience.