India slips to 81st position in Global Innovation Index 2015
Updated: Sep 18, 2015 02:15:22pm
New Delhi, Sept 18 (KNN) India has slipped yet again from the 76th position last year to the 81st position this year among 141 countries in the Global Innovation Index 2015, although it has outperformed its economic peers in the central and south Asian region.
“Switzerland, the United Kingdom, Sweden, the Netherlands and the United States of America are the world’s five most innovative nations, according to the Global Innovation Index 2015, while China, Malaysia, Viet Nam, India, Jordan, Kenya, and Uganda are among a group of countries outperforming their economic peers,” an official release of the Cornell University, INSEAD and the World Intellectual Property Organisation (WIPO) revealed.
The study ranked 141 economies across the world on their innovation capacity and efficiency on the basis of 79 indicators across a range of themes.
In terms of innovation quality – as measured by university performance, the reach of scholarly articles and the international dimension of patent applications – a few economies stand out. The US and the UK stay ahead of the pack, largely as a result of their world-class universities, closely followed by Japan, Germany and Switzerland.
However, top-scoring middle-income economies on innovation quality are China, Brazil and India, with China increasingly outpacing the others, the report said.
As far as the Central and Southern Asian region is concerned, India remains at the top of the regional ranking this year, followed by Kazakhstan and Sri Lanka, which has significantly improved its position.
“The GII underlines the steady outperformance of India on innovation relative to its level of development”, says Chandrajit Banerjee, Director General of Confederation of Indian Industry (CII). “We applaud the new innovation policies put in place by the new Indian government, which are not yet effectively captured by the data used in the GII. Some of these measures have already had a positive impact on the build-up of innovation momentum and entrepreneurial mood in the country, and we expect this trend to grow in the coming months and years.”
The report also pointed out that the technology gap between developing and developed countries is narrowing. One explanation for this phenomenon is that more and more developing countries outperform in innovation inputs and outputs relative to their level of development.
The GII 2015 looks at “Effective Innovation Policies for Development” and shows new ways that emerging-economy policymakers can boost innovation and spur growth by building on local strengths and ensuring the development of a sound national innovation environment. (KNN Bureau)
“Switzerland, the United Kingdom, Sweden, the Netherlands and the United States of America are the world’s five most innovative nations, according to the Global Innovation Index 2015, while China, Malaysia, Viet Nam, India, Jordan, Kenya, and Uganda are among a group of countries outperforming their economic peers,” an official release of the Cornell University, INSEAD and the World Intellectual Property Organisation (WIPO) revealed.
The study ranked 141 economies across the world on their innovation capacity and efficiency on the basis of 79 indicators across a range of themes.
In terms of innovation quality – as measured by university performance, the reach of scholarly articles and the international dimension of patent applications – a few economies stand out. The US and the UK stay ahead of the pack, largely as a result of their world-class universities, closely followed by Japan, Germany and Switzerland.
However, top-scoring middle-income economies on innovation quality are China, Brazil and India, with China increasingly outpacing the others, the report said.
As far as the Central and Southern Asian region is concerned, India remains at the top of the regional ranking this year, followed by Kazakhstan and Sri Lanka, which has significantly improved its position.
“The GII underlines the steady outperformance of India on innovation relative to its level of development”, says Chandrajit Banerjee, Director General of Confederation of Indian Industry (CII). “We applaud the new innovation policies put in place by the new Indian government, which are not yet effectively captured by the data used in the GII. Some of these measures have already had a positive impact on the build-up of innovation momentum and entrepreneurial mood in the country, and we expect this trend to grow in the coming months and years.”
The report also pointed out that the technology gap between developing and developed countries is narrowing. One explanation for this phenomenon is that more and more developing countries outperform in innovation inputs and outputs relative to their level of development.
The GII 2015 looks at “Effective Innovation Policies for Development” and shows new ways that emerging-economy policymakers can boost innovation and spur growth by building on local strengths and ensuring the development of a sound national innovation environment. (KNN Bureau)
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