India ranks 81st in Global Innovation Index report

In Banking and Finance
September 17, 2015

India has slipped to 81st position in the Global Innovation Index (GII) 2015 report, a decline by five positions as compared to last year. The GII, co-published by Cornell University, INSEAD and the World Intellectual Property Organisation (WIPO), surveyed 141 economies around the world. Switzerland topped the GII followed by the United Kingdom and Sweden securing number two and three positions respectively. The United States of America bagged fifth position while Singapore is the only Asian country to have figured in the top 10 list of the report. Last year, India was ranked 76th in the GII while in 2013 it secured 66th. In 2012 it was 64th and 62nd in 2011.

The GII analyses 79 indicators to gauge both innovative capabilities and measurable results. Among central and south Asian region, India has been ranked number one. Kazakhstan and Sri Lanka have secured second and third positions respectively. The top-scoring middle-income economies on innovation quality are China, Brazil and India, with China increasingly outpacing the others.

WIPO

The World Intellectual Property Organization (WIPO) is one of the 17 specialized agencies of the United Nations.
WIPO currently has 188 member states, administers 26 international treaties, and is headquartered in Geneva,Switzerland.
The current Director-General of WIPO is Francis Gurry, who took office on October 1, 2008.

INSEAD

INSEAD is a graduate business school with campuses in Europe (Fontainebleau, France), Asia (Singapore), and the Middle East (Abu Dhabi).
INSEAD was founded in 1957 by venture capitalist and Harvard professor Georges Doriot, along with Claude Janssen andOlivier Giscard d’Estaing.