India slips to 76th position in Global Innovation Index 2014
Updated: Jul 18, 2014 02:53:57pm
New Delhi, Jul 18 (KNN) India has slipped to the 76th position in the Global Innovation Index-2014 (GII 2014) because it is yet to show improvement in its institutions, human capital, research and business sophistication. However, it is better placed that its neighbouring countries such as Sri Lanka (105), Bangladesh (129), Pakistan (134) and Nepal (136).
The GII 2014 surveys 143 economies around the world, using 81 indicators – to gauge both their innovation capabilities and measurable results. Published annually since 2007, the GII is now a leading benchmarking tool for business executives, policy makers and others, seeking insight into the state of innovation around the world.
According to the report India’s ranking was pulled down in several important innovation output categories including knowledge, technology and creativity. Education is an area that remains a major challenge because of its focus on a limited number of fields and being growth centred on teaching rather than research. The quality of education in some institutions is also questionable.
Switzerland, the United Kingdom and Sweden topped this year’s Global Innovation Index, while Sub-Saharan Africa posted significant regional improvement in the annual rankings published by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO, a specialized agency of the United Nations).
Other countries in the top ten rankings of the Global Innovation Index 2014 (GII), which is in its 7th edition this year are Finland (4), Netherlands (5), USA (6), Singapore (7), Denmark (8), Luxembourg (9) and Hong Kong (10).
Among the BRICS (Brazil, Russia, India, China, and South Africa), four improved their positions (Brazil by 3 places to reach the 61st rank, the Russian Federation by 13 places to reach 49th, and China by 6 places to reach 29th, and South Africa by 5 places to reach 53rd). The progress of China and the Russian Federation in the rankings is among the most notable of all countries; China’s ranking is now comparable to that of many high-income economies. India, however slips 10 places to 76th position this year, the report said.
Amid a newly documented slowdown in the growth of global research and development, the theme of the Global Innovation Index (GII) 2014 is “The Human Factor in Innovation,” exploring the role of human capital in the innovation process and underlining the growing interest that firms and governments have shown in identifying and energizing creative individuals and teams.
These GII leaders have created well-linked innovation ecosystems, where investments in human capital combined with strong innovation infrastructures contribute to high levels of creativity. In particular, the top 25 countries in the GII consistently score high in most indicators and have strengths in areas such as innovation infrastructure, including information and communication technologies; business sophistication such as knowledge workers, innovation linkages, and knowledge absorption; and innovation outputs such as creative goods and services and online creativity.
The quality of innovation is assessed as well. In terms of innovation quality – as measured by university performance, the reach of scholarly articles and the international dimension of patent applications - the United States of America (USA) holds the top place within the high-income group, followed by Japan, Germany and Switzerland. Top-scoring middle-income economies are narrowing the gap on innovation quality with China in the lead, followed by Brazil and India.
Soumitra Dutta – Anne and Elmer Lindseth Dean, Samuel Curtis Johnson Graduate School of Management, Cornell University and co-author of the report – points out that "When reviewing the GII quality indicators, top performing middle-income economies are closing the gap with high-income economies. China significantly outperforms the average score of high-income economies across the combined quality indicators. To close the gap even further, middle-income economies must continue to invest in strengthening their innovation ecosystems closely monitor the quality of their innovation indicators."
The GII 2014 confirms the persistence of global innovation divides. Among the top 10 and top 25, rankings have changed but the list of economies remains unaltered. A difficult-to-bridge divide exists where less-innovative economies have difficulty keeping up with the rate of progress of higher-ranking economies, even when making notable gains themselves. This can be partially explained by their difficulties to grow and retain the human resources necessary for sustained innovation, which is the focus of this year’s report.
Bruno Lanvin – Executive Director for Global Indices at INSEAD, and co-author of the report – stresses that “As innovation becomes a global game, a growing number of emerging economies are confronted with complex issues whereby ‘brain gain’ can only be generated through a delicate balance between talents outflows (e.g. citizens seeking an education abroad) and inflows (whereby high performers return home to innovate and create local jobs, and diasporas contribute to national competitiveness). Around the world, we see encouraging signs that this is happening.”
“To become a country qualified as “innovation learner” in the GII, policy makers need to identify and focus on areas which help propel their performance on innovation inputs and outputs relative to their peers and to excel beyond what is expected from them considering their level of development,” said Chandrajit Banerjee, Director General of Confederation of Indian Industry (CII), noting “ The chapter on India in the GII 2014 analyses one such important parameter like human capital, and showcases how policies for nurturing human capital affect the performance of an innovation learner like India.”
The core of the GII Report consists of a ranking of world economies’ innovation capabilities and results. Recognizing the key role of innovation as a driver of economic growth and prosperity, and the need for a broad horizontal vision of innovation applicable to developed and emerging economies, the GII includes indicators that go beyond the traditional measures of innovation such as the level of research and development. (KNN/ES)
The GII 2014 surveys 143 economies around the world, using 81 indicators – to gauge both their innovation capabilities and measurable results. Published annually since 2007, the GII is now a leading benchmarking tool for business executives, policy makers and others, seeking insight into the state of innovation around the world.
According to the report India’s ranking was pulled down in several important innovation output categories including knowledge, technology and creativity. Education is an area that remains a major challenge because of its focus on a limited number of fields and being growth centred on teaching rather than research. The quality of education in some institutions is also questionable.
Switzerland, the United Kingdom and Sweden topped this year’s Global Innovation Index, while Sub-Saharan Africa posted significant regional improvement in the annual rankings published by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO, a specialized agency of the United Nations).
Other countries in the top ten rankings of the Global Innovation Index 2014 (GII), which is in its 7th edition this year are Finland (4), Netherlands (5), USA (6), Singapore (7), Denmark (8), Luxembourg (9) and Hong Kong (10).
Among the BRICS (Brazil, Russia, India, China, and South Africa), four improved their positions (Brazil by 3 places to reach the 61st rank, the Russian Federation by 13 places to reach 49th, and China by 6 places to reach 29th, and South Africa by 5 places to reach 53rd). The progress of China and the Russian Federation in the rankings is among the most notable of all countries; China’s ranking is now comparable to that of many high-income economies. India, however slips 10 places to 76th position this year, the report said.
Amid a newly documented slowdown in the growth of global research and development, the theme of the Global Innovation Index (GII) 2014 is “The Human Factor in Innovation,” exploring the role of human capital in the innovation process and underlining the growing interest that firms and governments have shown in identifying and energizing creative individuals and teams.
These GII leaders have created well-linked innovation ecosystems, where investments in human capital combined with strong innovation infrastructures contribute to high levels of creativity. In particular, the top 25 countries in the GII consistently score high in most indicators and have strengths in areas such as innovation infrastructure, including information and communication technologies; business sophistication such as knowledge workers, innovation linkages, and knowledge absorption; and innovation outputs such as creative goods and services and online creativity.
The quality of innovation is assessed as well. In terms of innovation quality – as measured by university performance, the reach of scholarly articles and the international dimension of patent applications - the United States of America (USA) holds the top place within the high-income group, followed by Japan, Germany and Switzerland. Top-scoring middle-income economies are narrowing the gap on innovation quality with China in the lead, followed by Brazil and India.
Soumitra Dutta – Anne and Elmer Lindseth Dean, Samuel Curtis Johnson Graduate School of Management, Cornell University and co-author of the report – points out that "When reviewing the GII quality indicators, top performing middle-income economies are closing the gap with high-income economies. China significantly outperforms the average score of high-income economies across the combined quality indicators. To close the gap even further, middle-income economies must continue to invest in strengthening their innovation ecosystems closely monitor the quality of their innovation indicators."
The GII 2014 confirms the persistence of global innovation divides. Among the top 10 and top 25, rankings have changed but the list of economies remains unaltered. A difficult-to-bridge divide exists where less-innovative economies have difficulty keeping up with the rate of progress of higher-ranking economies, even when making notable gains themselves. This can be partially explained by their difficulties to grow and retain the human resources necessary for sustained innovation, which is the focus of this year’s report.
Bruno Lanvin – Executive Director for Global Indices at INSEAD, and co-author of the report – stresses that “As innovation becomes a global game, a growing number of emerging economies are confronted with complex issues whereby ‘brain gain’ can only be generated through a delicate balance between talents outflows (e.g. citizens seeking an education abroad) and inflows (whereby high performers return home to innovate and create local jobs, and diasporas contribute to national competitiveness). Around the world, we see encouraging signs that this is happening.”
“To become a country qualified as “innovation learner” in the GII, policy makers need to identify and focus on areas which help propel their performance on innovation inputs and outputs relative to their peers and to excel beyond what is expected from them considering their level of development,” said Chandrajit Banerjee, Director General of Confederation of Indian Industry (CII), noting “ The chapter on India in the GII 2014 analyses one such important parameter like human capital, and showcases how policies for nurturing human capital affect the performance of an innovation learner like India.”
The core of the GII Report consists of a ranking of world economies’ innovation capabilities and results. Recognizing the key role of innovation as a driver of economic growth and prosperity, and the need for a broad horizontal vision of innovation applicable to developed and emerging economies, the GII includes indicators that go beyond the traditional measures of innovation such as the level of research and development. (KNN/ES)
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