The Global Efficiency Index has released its report for this year. The report ranks 41 countries on the basis of their innovation capabilities grouped in five segments namely institutions; human capital and research; infrastructure; market and business sophistication.
GII is published by INSEAD, the leading international business school in France, and the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations; knowledge partners of GII are Alcatel-Lucent, Booz & Company, the Confederation of Indian Industry (CII). This year’s GII’s theme is the ‘Stronger innovation linkages for global growth’, which underlines the importance of productive interactions among innovation actors-firms, the public sector, academia, and society-in modern innovation ecosystems
“The GII is a timely reminder that policies to promote innovation are critical to the debate on spurring sustainable economic growth,” said Francis Gurry, director general of WIPO.
India has emerged as one of the business-friendly communitiies in ICT sector – India is ranked 4th in computer and communication exports at 70.5% of commercial services exports. It is position in 108th and 117th place in ICT access and use. The report says, India’s major weaknesses are institutions (125th) and human capital and research (131st). Its bes scores are in market sophistication (46th), knowledge and technology outputs (47th) and creative outputs (34th).
Read the complete articles here, India, China leaders in Innovation despite lack of resources
India is 64th on the Global Innovation Index