India elected to GlobE Network Steering Committee
- India has been elected to the GlobE Network steering committee, enhancing its role in global anti-corruption efforts and cross-border crime prevention.
- 🌍 GlobE Network: The Global Operational Network of Anti-Corruption Law Enforcement Authorities, launched in June 2021 under the G20 framework, aims to combat corruption and financial crime.
- 🤝 International Cooperation: Facilitates cooperation among law enforcement agencies, providing a secure platform for information exchange and asset recovery.
- 🇮🇳 India’s Role: Elected to the 15-member steering committee during the plenary session in Beijing after a multi-stage voting process.
- 🛡️ Strengthening Anti-Corruption Efforts: India’s election enhances its anti-corruption initiatives and positions it to shape the global anti-corruption agenda.
India and Uzbekistan Sign Bilateral Investment Treaty
- India and Uzbekistan signed a Bilateral Investment Treaty (BIT) to strengthen economic ties and deepen their strategic partnership.
- 🤝 Bilateral Investment Treaty: Promotes investment between the two countries, creating a more secure and predictable investment environment.
- 📍 Location: Finalized in Tashkent, Uzbekistan.
- 💼 Objectives: Encourages bilateral investment flows and deepens economic cooperation.
- 🌍 Significance for India:
- Enhanced Market Access: Greater opportunities for Indian businesses in pharmaceuticals, textiles, and IT sectors.
- Central Asian Presence: Positions Uzbekistan as a strategic partner, enhancing India’s economic foothold in Central Asia.
- Strategic Partnership: Reinforces cooperation in security, defense, and cultural exchanges.
India Rises to 39th in Global Innovation Index 2024
- India climbed to the 39th position in the Global Innovation Index (GII) 2024, up from 40th in 2023 and 81st in 2015.
- 📊 GII Overview: Published annually by the World Intellectual Property Organization (WIPO), ranking 133 economies on innovation capabilities using 80 indicators.
- 💪 India’s Strengths:
- Top in ICT Services Exports
- Venture Capital Surge: Thriving start-up ecosystem with increased VC investments.
- Intangible Assets: Strong in trademarks, patents, and industrial designs.
- Unicorn Companies: Ranked 8th globally in the number of unicorns.
- 🚀 Contributing Factors:
- Government Initiatives: Programs like Startup India, Digital India, and Make in India have fostered innovation.
- R&D Investments: Increased focus on research and development.
- Skilled Workforce: Large pool of skilled and talented individuals driving innovation.
India Drops to 58th in IMD World Talent Ranking 2024
- India fell to 58th in the IMD World Talent Ranking 2024, down from 56th in 2023 and 52nd in 2022, with a talent score of 40.47.
- 🌍 Talent Ranking Overview: Evaluates countries on their ability to develop, attract, and retain talent, considering factors like education, quality of life, and foreign skilled worker appeal.
- ⚠️ Areas of Concern:
- Brain Drain: Skilled professionals seeking opportunities abroad remains a major issue.
- Investment in Education: Need for improved investment in education and skill development.
- Quality of Life: Challenges such as pollution, infrastructure gaps, and healthcare impact talent retention.
- ✅ Positive Aspects:
- Cost-Effectiveness: Strong performance in finance and management-related cost-effectiveness.
- Labor Force Growth: Recognized for its large and growing labor force, which is seen as a potential advantage.
