1. Global Innovation Index 2017: India continues success streak, ranked world No 1 in export of ICT services, No 2 in innovation quality

Global Innovation Index 2017: India continues success streak, ranked world No 1 in export of ICT services, No 2 in innovation quality

India is on a continuous streak of success and this is incraesingly being backed by strong data points. India has been ranked the top exporter of information and communication technology (ICT) services in a new UN report which highlighted the rise of the country as an emerging innovation centre in Asia

By: | Published: June 16, 2017 5:03 PM
Global Innovation Index 2017, India, INSEAD, World Intellectual Property Organisation, GDP,  The World Intellectual Property Organisation (WIPO) in its 10th edition of the ‘Global Innovation Index (GII)’ also ranked India 60th on its list of 130 most innovative countries in the world, according to news agency PTI.(Reuters)

India is on a continuous streak of success and this is incraesingly being backed by strong data points. India has been ranked the top exporter of information and communication technology (ICT) services in a new UN report which highlighted the rise of the country as an emerging innovation centre in Asia. The World Intellectual Property Organisation (WIPO) in its 10th edition of the ‘Global Innovation Index (GII)’ also ranked India 60th on its list of 130 most innovative countries in the world, according to news agency PTI.

The report, co-authored by 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.

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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.

India is 2nd in innovation quality for the second consecutive year, the reported added.

The report said India outperformed on innovation relative to its GDP per capita for seven years in a row. India has shown improvement in most areas, including in infrastructure, business sophistication, knowledge and technology and creative outputs.

The report stated that as demonstrated in the GII for some years, India has “consistently outperformed on innovation relative to its GDP per capita. Recently it made important strides in innovation input and output performance

“India 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 deserves mention,” it said

The report said it hopes India will continue on this trajectory, with innovation investments leading to more dynamic R&D-intensive firms that are active in patenting, high-technology production, and exports.

“If India then increasingly connects its innovation system to the innovative countries in the East as well as to standing innovation powerhouses in the West, it will make a true difference in Asia’s regional role in innovation, and to global innovation more generally,” the report added.

GII survey

Each year, the GII surveys some 130 economies using dozens of metrics, from patent filings to education spending providing decision makers a high-level look at the innovative activity that increasingly drives economic and social growth

For the last ten years, it has observed an innovative capacity gap between developed and developing nations and lacklustre growth rates for research and development activities at both the government and corporate levels.

In Global Innovation Index (GII) 2016, India had improved its innovation rank to reach 66th position from 81st (in 2015), according to Task Force of Innovation – Report on Global Innovation Index: An Indian Perspective. This improvement in India’s rank came after 5 years of continuous drop in its ranking.

GII ranks countries on an annual basis on 82 parameters for their contribution towards successful innovations based on their capacity. It is published by Cornell University, INSEAD and the World Intellectual Property Organisation (WIPO) in partnership with other organisations and institutions.

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