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.
Sweden (4th), Denmark (5th), the Netherlands (6th), Finland (7th), Luxembourg (8th), Norway (9th) and Australia (10th) complete the top 10 league table.
"Although more could be done to improve the country's educational system (68th in Formal Education), India's key strength relates to growing (44th) talent, due to its levels of lifelong learning (40th) and access to growth opportunities (39th)," the GTCI report said.
The country's highest-ranked sub-pillar is employability, 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, news agency PTI said.
The GTCI report compiled by INSEAD in collaboration with human resource firm Addeco and Google was released in Davos, Switzerland.
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. "Thus, the country's talent competitiveness is in line with what would be expected given its income level," according to the report.
In the BRICS grouping, China was ranked 42nd, Russia (48th), South Africa (70th) and Brazil at 80th position. 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.