NEW DELHI: India has slipped 6 places to 59 rank on a global annual list of 63 countries, due to low quality of life and expenditure on education, according to the latest edition of IMD World Talent Ranking, which was topped by Switzerland.
The ranking, which is based on the performance in three main categories — investment and development, appeal and readiness, noted that India is also lagging behind fellow BRICs countries – China ranked 42nd on the list, Russia (47th) and South Africa (50th).
India also witnessed one of the sharpest declines among Asian economies owing to low quality of life, negative impact of brain drain, and the low priority of its economy on attracting and retaining talents.
“The drop is a combination of several factors including expenditure on education (per student) and the quality of education which may be linked to the GDP growth,” said Jose Caballero is a Senior Economist at the IMD Business School Switzerland and Singapore.
Caballero further said: “There are other issues that have an equally important impact than GDP growth, such as the effectiveness of the health system and women’s participation in the labour force”.
On India’s appeal factor with regard to the recent pollution issues, Caballero said, “Remuneration is an issue but when combined with other factors, exacerbate the status of the country in terms of Appeal”. (AGENCIES)