India climbs to 57 in Global Innovation Index (GII) 2018

India climbs to 57 in Global Innovation Index (GII) 2018

Introduction :-

India has consistently been climbing up the Global Innovation Index (GII) since 2015 in the list of 126 nations.

2018 Rankings :-

Global Innovation Index Rankings

  • The rankings, released in New York on Tuesday, put India at 57th position and China at 17th as compared to their last year’s rankings of 60th and 22nd, respectively, providing an insight into their growing innovation capabilities and results.
  • The rankings are published by the World Intellectual Property Organisation — a specialised agency of the United Nations — in association with Cornell University and graduate business school INSEAD.
  • The Confederation of Indian Industry (CII) is one of the knowledge partners which assists the GII team in brining out the rankings.

India’s Strength :- The GII report shows India has been improving its ranking on the basis of certain parameters which are flagged as the country’s strengths.

It includes :-

  • India’s human capital (graduates in science & engineering)
  • Growth rate of GDP per worker
  • Exports of information and communication technology and services
  • Productivity growth and creative goods exports among others.

India’s Weakness :- 

The GII report also shows India’s certain parameters which are flagged as the country’s weakness. It includes :-

  • Political stability and safety
  • Ease of starting business
  • Overall education
  • Environmental performance.

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