Global Innovation Index 2014
India continues its dismal run in the Global Innovation Index for the 3rd consecutive year; falling 10 places to 76th spot this year as compared to the 2013 ranking of 66. Its not surprising to finish last among BRICS, what is alarming instead is the rising gap between us with all other improving upon their rankings.
- Switzerland holds the numero-uno fort for the 4th straight year followed by the Britain (2), Sweden (3) and Finland (4) in the global ranking.
- The report ranks 143 economies around the globe across 81 indicators–to evaluate both their innovation capabilities and measurable results.
- Theme for 2014 : “The Human Factor in Innovation”
- It is into its eighth edition beginning 2007.
- The ranking offers insight into the state of innovation of a given place creating benchmark for policy makers, business executives and others to use.
- United Kingdom
- Sudan: 143
- Togo: 142
- Yemen: 141
- Myanmar: 140
- Guinea: 139
- Brazil: 61st (+3 place)
- South Africa: 53 (+ 5 place)
- Russia: 49th (+13 place)
- China: 29th (+6 place)
- India: 76th (-10 place)
- Bhutan: 86th
- Sri Lanka: 105th
- Bangladesh: 129th
- Pakistan: 134th
- Nepal: 136th
More about India
- India's performance over the last four index are: 62nd in 2011, 64th in 2012, 66th in 2013 and now the new low of 76th place.
- India fares fairly well in terms of quality of its universities, IT services exports, and export of creative goods, but the positives have been offset by poor marks in human capital and research, political stability, ease of starting a business etc.
About the Index
- Global Innovation Index (GII) is co-published by Cornell University, INSEAD and World Intellectual Property Organization (WIPO) and had Confederation of Indian Industry (CII) as one of the knowledge partner.
Ranking based on two sub-indices:
- A) Innovation Input Sub-Index (elements that enable innovation) -
(1) Institutions, (2) Human capital and research, (3) Infrastructure, (4) Market sophistication, and (5) Business sophistication.
- B) Innovation Output Sub-Index (evidence of innovation outputs) -
(6) Knowledge and technology outputs and (7) Creative outputs