Global Innovation Index 2016
Global Innovation Index (GII) 2016 has been released. It
is published by Cornell University, INSEAD, and the World Intellectual Property
Organization (WIPO), in partnership with other organizations and institutions.
GII
2016 Theme: “Winning with Global
Innovation”.
Highlights:
·
Switzerland,
Sweden, UK, USA, Finland and Singapore lead the 2016 rankings.
·
China
joined the world’s 25 most-innovative economies, becoming the first
middle-income country to enter the top 25 of the index in its nine editions of
surveying the innovative capacity of over 100 economies.
·
Despite
China’s rise, an “innovation divide” persists between developed and developing
countries amid increasing awareness among policymakers that fostering innovation
is crucial to a vibrant, competitive economy.
·
GII
2016 data indicate that global R&D grew by only 4% in 2014. This was a
result of slower growth in emerging economies and tighter R&D budgets in
high-income economies – this remains a source of concern.
·
China
moves to 17th place in innovation quality, making it the leader among
middle-income economies for this indicator.
India’s
performance:
Ø India climbed 15 spots, from 81 last
year, to 66.
Ø India has maintained the top spot in
the Central and South Asia regions.
Ø India scored high on tertiary
education and R&D, the quality of its universities and scientific
publications and its market sophistication.
Ø India ranks second on innovation
quality among middle-income economies, overtaking Brazil.
Ø In information and communication
technology service exports it ranks first in the world.
India has all the ingredients needed to become a global
driver of innovation including strong market potential, an excellent talent
pool, and an underlying culture of frugal innovation. However, relative
weaknesses exist in the indicators for business environment, education
expenditures, new business creations and the creative goods and services
production.
India has the ability to create a unique spot in innovation
history to meet its own market requirements by using its cultural advantages of
frugality and sustainability. Therefore, India’s priorities for innovation need
to be in the areas of energy, water, transport, health care, food security and
digital consumption. It should also strengthen its own talent pool and leverage
global talent “in these market-pull areas”.
No comments:
Post a Comment