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India slips two positions on Global Innovation Index

Continuing the downward trend, India now ranks 66 among 142 nations; Switzerland, Sweden, the UK top the list
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First Published: Tue, Jul 02 2013. 03 19 PM IST
This year’s toppers in the GII were Switzerland and Sweden’s followed by the UK, the Netherlands and the US in order of performance. These countries were among the top 10 last year too. Photo: Ramesh Pathania/Mint
This year’s toppers in the GII were Switzerland and Sweden’s followed by the UK, the Netherlands and the US in order of performance. These countries were among the top 10 last year too. Photo: Ramesh Pathania/Mint
Updated: Wed, Jul 03 2013. 12 31 AM IST
New Delhi: Continuing a declining trend, India dropped two places from its last year’s position of 64 to 66 this year on the Global Innovation Index (GII) 2013. The index ranks 142 countries across the world on their innovation capacity and efficiency and is published by Cornell University, INSEAD, World Intellectual Property Organization (WIPO) and Confederation of Indian Industry (CII).
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In the first edition of the GII in 2008, India ranked 23 among 107 countries. After a dramatic slide of 18 positions in 2009, it has been falling less slowly, but steadily.
According to the findings of this year’s edition, India fared relatively better on criteria such as gross capital formation (as a percentage of gross domestic product, or GDP) (rank 9), investment in new business (rank 20), industrial cluster development (rank 29), growth rate as a percentage of PPP GDP/worker (rank 14), computer and information services exports (rank 1), creative goods exports (rank 11).
However its low ranking in parameters such as political stability (rank 123), ease of starting business (rank 128), school life expectancy (rank 109), pupil-teacher ratio (rank 108) and knowledge absorption (rank 122) was instrumental in its downward journey.
This year’s toppers in the GII were Switzerland and Sweden’s followed by the UK, the Netherlands and the US in that order performance. These countries were among the top 10 last year too.
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“The results of the GlI provide testimony to the global nature of innovation today. The top 25 ranked countries on the GII are a mix of nations from across the world—North America, Europe, Asia, Oceania and the Middle East. While high-income economies dominate the list, several new players have increased their innovation capabilities and outputs,” said Soumitra Dutta, co-editor of the report and a top official at Cornell University, in a press statement.
The GII 2013 is calculated as average of two sub-indices. The Innovation Input Sub-Index weighs key factors that contribute to a country’s economy such as its institutions, human capital and research output, infrastructure, market sophistication, and business sophistication. The Innovation Output Sub-Index captures actual evidence of innovation results based on knowledge and technology outputs and creative outputs.
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First Published: Tue, Jul 02 2013. 03 19 PM IST