This is a good indicator. A lot of people get cut off at the interview stage. But here's what's important! Even more, are cut without getting a chance to even talk to recruiters. According to my data, out of 1700 people, we have not even invited more than half of the people to their resume! 60% of candidates don't have a chance to talk to recruiters because of a bad resume. That means your CV should glow!
Typical mistakes people make when writing their resumes are that there is no complete story from beginning to the end where you describe your experience. Recruiters see ragged experiences and throw resumes in the trash.