innovation

India currently ranks 60th out of 127 countries on the Global Innovation Index (GII) 2017 as compared to 66th rank on GII 2016.

The GII 2017 report, co-authored by World Intellectual Property Organization (WIPO), Cornell University and INSEAD, added that India maintains its top place in Central and Southern Asia, moving up six spots from 66th last year to 60th this year overall. It further said that a group of nations including India, Kenya, and Vietnam are outperforming their development-level peers.

Notably, Switzerland, Sweden and Netherlands are ranked 1st, 2nd and 3rd respectively in this year’s global innovation index.

India performed well across a number of parameters, coming to the top spot in ICT services exports. It is ranked 10th in category of graduates in science and engineering, 27th on e-participation, 14th on the presence of global research and development companies, 33rd on government’s online service, 32nd in general infrastructure, 18th on creative goods exports, 30th on knowledge impact and 29th on intellectual property payments, news agency PTI reported.

China moves up by three spots in 2017 innovation index, becoming the 22nd most innovative economy in the world after having entered the top 25 in 2016 as the first middle-income economy.

In an another report called Global Entrepreneurship Index 2018, India ranked at 68th place.

In the last ten years that GII has been live, India has had a journey full of ups and down on the list. When the GII was first announced in 2007, India debuted on the list at 41.

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