India has ranked 66th in 9th edition of The Global Innovation Index 2016. The Global Innovation Index 2016 (GII) is co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO, a specialised agency of the United Nations).
India is the top-ranked economy in Central and Southern Asia, showing particular strengths in tertiary education and R&D, including global R&D intensive firms, the quality of its universities and scientific publications, its market sophistication and ICT service exports where it ranks first in the world. India also over-performs in innovation relative to its GDP. It ranks second on innovation quality amongst middle-income economies, overtaking Brazil. Relative weaknesses exist in the indicators for business environment, education expenditures, new business creations and the creative goods and services production.
"The commitment of India to innovation and improved innovation metrics is strong and growing, helping to improve the innovation environment. This trend will help gradually lift India closer to other top-ranked innovation economies", says Chandrajit Banerjee, Director General of Confederation of Indian Industry (CII). Following India in the region are Kazakhstan (75th), the Islamic Republic of Iran (78th), Tajikistan (86th), Sri Lanka (91st), and Bhutan (96th).
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