India has bagged 60th position among 130 countries on the Global Innovation Index (GII) 2017. It has moved 6 places up from 66th position last year as the world’s most innovative country.
The Global Innovation Index (GII) 2017 has launched at the UN Headquarters in Geneva, Bureaucracy Today has learnt.
India also achieved the platform of top-ranked economy in Central and Southern Asia and has now outperformed on innovation relative to its GDP per capita for seven years in a row.
While Switzerland, Sweden, the Netherlands, the USA and the UK retain their top spots as the world’s most-innovative countries with Switzerland leading the rankings for the seventh consecutive year.
The GII 2017 shows the rise of India as an emerging innovation center in Asia. The report states that India’s current and imminent development, and its contribution to the region and the global innovation landscape is important these days.
Recently, India has made important strides in innovation input and output performance, and is now in the top half of the GII rankings.
The continual improvement of India in terms of investment, tertiary education, the quality of its publications and universities, its ICT services exports, and its innovation clusters is significant.
It is predicted that India will continue on this trajectory, with innovation investments leading to more and more dynamic R&D-intensive firms that are active in patenting, high technology production, and exports.
While explaining the significance of public policy in defining national developmental priorities, Chandrajit Banerjee, Director General, Confederation of Indian Industry said, “Public policy plays a pivotal role in creating an enabling environment conducive to innovation. Since the last two years, we have seen important activities around the GII in India like the formation of India’s high-level Task Force on Innovation and consultative exercises on both innovation policy and better innovation metrics.”
He also mentioned that “As part of this success story, CII in collaboration with NITI Aayog, launched for the online India Innovation Portal which aims to capture state-level innovation data and benchmark states on their innovation capacity.”
Banerjee also emphasized that such a mechanism will not only make states competitive but also drive India towards an innovation driven economy.