2. The index enlisted 141 economies around the globe
taking into account their innovation capacity and
efficiency. The study shows that the nation has
outpaced other countries in the Central and
Southern Asian Region (CSA). China, Brazil and
India, the leading nations in the lower middle
income categories are competing close against
developed world on innovation quality.
Switzerland, the UK, Sweden, the Netherlands
and the US are the top 5 position of this list.
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3. • This study on Global Innovation Index was
published collectively by Cornell University,
INSEAD France and World Intellectual Property
Organization (WIPO).
• India has been falling positions in the overall
rankings since the last 4 years. India’s was
holding the ranking of 76 last year. However, the
nation has bagged a place amongst the leading 10
outperformers.
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4. • "This change in ranking can be primarily
attributed to two major factors. The first
concerns the changing dynamics of the
country's political, educational and business
environment, and the second concerns the
structural change GII has undergone to
improve itself as an assessment tool over the
years," the GII report pointed out.
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5. PERFORMANCE
BEST
• According to this study,
India has been performing
well in innovation quality,
knowledge diffusion,
general infrastructure,
research & development and
investment.
WORST
However, the nation has
witnessed a poor
performance in institutions
and infrastructure, business
sophistication, human
capital and research,
creative outputs and market
sophistication.
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6. •
"We believe that with the present growth trend the future ranking for
India is going to improve as the data get revised and as the
government continues to perform towards a development oriented
growth path," said CII Director General Chandrajit Banerjee. As
per the report, the data collected is the perception of the local
citizens owning to inactivity of the government for the given period.
•
This inactivity is due to slowing economy, high inflation and the
widespread corruption.
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7. Indians are good in INNOVATION
a
sample
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