Global Innovation Index ranks India the 57th most innovative nation
The United Nations: India’s stood top largest software exporter in the IT services market for the second consecutive year. Each year, Cornell University, Inseed, Global Intellectual Property Organization (WIPO) and GIF Knowledge Partners share the Global Innovation Index (GII) rankings for the most creative economies in the world.
Last year, India, ranked 60th, and in this year India ranked 57th by jumping three places. India has been improving steadily since it was ranked 81st in 2015. However, the GII report has found that there is a lot of trouble in India to start a business and to make it easier.
Political stability, security and advancement of women with advanced degrees have been found to be inadequate in many matters. Among other things in the report, India ranks first in South Asia in GII rankings. Though India stood first in It exports, It is ranked 110th in the use of IT services 105th ranking in accessing IT services.
- India ranked 5th in the GII rank among the lower-middle-income economies. Over the past eight years, the per capita GDP growth has grown creatively.
- Productivity growth, growth in IT and IT services sector are making India a good position.
- The GII announced ranks for the eleventh time based on 80 issues among the world’s 126 economies worldwide, including intellectual property filing rates, a creation of the mobile app, spending on education, science and technology.
- India has a strong presence in the field of science and has a high degree of engineering graduates. Ranked sixth in this section. In standing in the 4th position in protecting Minority investors, 16th position in trade, 18th rank in global research and development companies, 20th in gross investment and 35th overall in the total investment portfolio.
- The GII rank has been allotted based on 80 items. India has slipped to 123rd rank in the ecosystem.
- Switzerland ranked first in the GII -2018 rankings. Followed by Netherlands, Sweden, UK, Singapore, US, Finland, Denmark, Germany and Ireland.
- China already joined in the top-25 list of middle-income economies. Malaysia, India, Iran, Mexico, Thailand and Vietnam are preparing to join the group.