Global Innovation Index : India moves up to 66th rank this year

Posted on:18 Aug 2016 09:32:07

Global Innovation Index : India moves up to 66th rank this year
18 August 2016 Current Affairs: India scored a major improvement in its Global Innovation Index ranking this year, moving up to the 66th place from 81 in 2015. India's better performance in the latest index readings was due to its strengths in tertiary education, software exports, corporate R&D and market sophistication. 

Among middle income countries, India (25) came second after China (17) in innovation quality, overtaking Brazil (27). China figured at the 25th position (29 in 2015), the only middle-income country in the top 25. 

The annual index  released by WIPO, Cornell University, and the multi-nation business graduate school INSEAD  has been ranking world economies since 2007 according to their innovation capabilities using more than 80 indicators, including education, R&D, patent filings, knowledge and technology inputs and institutions. The report said India was starting to excel in ICT and creative goods exports, setting a good example of how policy was improving the innovation environment. Overall, Switzerland had ranked first in the 2015 index as well. 


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs July 2017

22 JULY
NEWS
21 JULY
NEWS
20 JULY
NEWS
19 JULY
NEWS

Current Affairs June 2017

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS