CII-INSEAD STUDY: India Not Among Top Innovators
CII-INSEAD STUDY: India Not Among Top Innovators
India has slipped to 41st position, down 18 places from the 23rd it had achieved last year, in the second Global Innovation Index 2008 (GII) — a study jointly conducted by the Confederation of Indian Industry (CII) and France-based INSEAD Business School.
China also slipped from 29th to 37th place but managed to rank higher than India this year. All four BRIC nations performed worse this year, compared to last year.
"The reason for India's lower rank this time could be many, including the relative speed of change with respect to other countries," said Soumitra Dutta, the dean of external relations, INSEAD, who announced the results of the study in Delhi on Tuesday, January 6. "Also, we have considered more than 95 variables while ranking the nations this time, much higher than what we did last time," he said.
GII has made a distinction between inputs and outputs while measuring innovation in an economy. Inputs are aspects that enable an economy to stimulate innovation while outputs are the results of innovative activities. The input pillars include institutions and policies, human capacity, both general and ICT infrastructure, and market and business sophistication. The output is measured by evidence of the results of innovation through parameters such as knowledge creation, competitiveness and wealth creation.
"GII collected data from reputed international organisations such as the World Economic Forum, the World Bank and the International Telecommunications Union," said Dutta. "Both the qualitative and quantitative data (obtained from the global CEO survey) was used in combination while arriving at the results."
General and ICT infrastructure, wealth, institutions and business sophistications are the key weaknesses of India with human capacity, knowledge and competitiveness being the areas of strength.
US topped the list yet again with Germany in the second position, followed by Sweden, the UK and Singapore. South Korea and Singapore are two Asian countries ranked among the top 10 innovators by the GII study that included 130 countries. Other top 10 innovators included countries such as Switzerland, Denmark and the Netherlands. Japan has slipped to the 9th position, from 4th last year. Israel and Qatar from West Asia and Middle East have found places in the top 25.
India has slipped to 41st position, down 18 places from the 23rd it had achieved last year, in the second Global Innovation Index 2008 (GII) — a study jointly conducted by the Confederation of Indian Industry (CII) and France-based INSEAD Business School.
China also slipped from 29th to 37th place but managed to rank higher than India this year. All four BRIC nations performed worse this year, compared to last year.
"The reason for India's lower rank this time could be many, including the relative speed of change with respect to other countries," said Soumitra Dutta, the dean of external relations, INSEAD, who announced the results of the study in Delhi on Tuesday, January 6. "Also, we have considered more than 95 variables while ranking the nations this time, much higher than what we did last time," he said.
GII has made a distinction between inputs and outputs while measuring innovation in an economy. Inputs are aspects that enable an economy to stimulate innovation while outputs are the results of innovative activities. The input pillars include institutions and policies, human capacity, both general and ICT infrastructure, and market and business sophistication. The output is measured by evidence of the results of innovation through parameters such as knowledge creation, competitiveness and wealth creation.
"GII collected data from reputed international organisations such as the World Economic Forum, the World Bank and the International Telecommunications Union," said Dutta. "Both the qualitative and quantitative data (obtained from the global CEO survey) was used in combination while arriving at the results."
General and ICT infrastructure, wealth, institutions and business sophistications are the key weaknesses of India with human capacity, knowledge and competitiveness being the areas of strength.
US topped the list yet again with Germany in the second position, followed by Sweden, the UK and Singapore. South Korea and Singapore are two Asian countries ranked among the top 10 innovators by the GII study that included 130 countries. Other top 10 innovators included countries such as Switzerland, Denmark and the Netherlands. Japan has slipped to the 9th position, from 4th last year. Israel and Qatar from West Asia and Middle East have found places in the top 25.
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