India is ranked 52nd on the Global Innovation Index 2019 02/10/2019 – Posted in: RSTV

GLOBAL INNOVATION INDEX 2019

 

In News:

  • India improved its ranking in the global innovation index by five places to 52nd in 2019 from 57th position last year.

 

Innovation Index

India is ranked 52nd on the Global Innovation Index 2019. A jump of 5 places over the last years and a total of 29 places up in the last 5 years from 81 in 2015, it represents the biggest jump by any major economy and India ranks 2nd among middle economies in terms of quality of innovation.

 

The latest GII ranking also shows that the country has continuously maintained its leadership position as the most innovative country in the central and south-Asia region since 2011. Facilitating entrepreneurship through innovation is a critical component under the vision of the Modi governance new India by 2022. According to the Commerce and Industry Minister Piyush Goel, India’s has a consistent rise at the Global Innovation Index is a testimony of its peoples on through entrepreneurial proves.

 

India in Global Innovation Index

India is fast making its mark in the world of innovation, securing 52nd spot in the Global Innovation Index and being one of the few middle-income economies to achieve this, here are the details.

The country has improved ranking in four of the GII pillars including knowledge and technology, market sophistication, human capital and research, institutions. However, it has lost a few spots in business sophistication infrastructure and creative outputs.

 

As per the India and Innovation reports:

  • India’s improving due to relative performance
  • Outperformed on innovation relative to its GDP per capita for 9 years in a row
  • India ranks 2nd among middle-income economies in quality of universities and scientific publications
  • IITs in Bombay, Bangalore and Delhi occupied 8th, 9th, and 10th ranks respectively among the top 10 universities in the middle-income countries
  • India performed best in the knowledge and technology output pillars in which India maintained its top position in Information and Communications Technology (ICT) services exports where it ranks 1st in the world
  • India also ranked top in the GII ranking of the World’s top technology clusters. The Bangalore, Mumbai, Delhi featuring among global top 100 technology clusters. The Commerce and Industry Minister Piyush Goel said the country is focused on-seam India among the 25 countries in the Global Innovation Index.
  • The report also expressed a hope that given its size if India upheld the pace of progress it will make a true impact on Global Innovation in the years to come.
  • With an aim to achieve sustainable development goals, India has given a lot of effort to innovation and technology research. These efforts are focused on various areas like renewable energy, space science, artificial intelligence automobiles and so on.

 

As the world is on the pace of global transformation, India is strongly committed to the 2030 agenda including sustainable development goals. India is ranked to achieve its research and innovation in various areas.

 

In 2016 the country launched its programme Atal Innovation Mission– mission-focused scaling start-up incubation centres and promoting innovation culture through school children. One of the significant areas where India is ranking on innovation to make an impact is the development of renewable energy infrastructure.

 

Innovative measures have also helped India’s space program make huge success. Not only launching the satellites of other countries but we have also launched a student satellite Kalam SAT this year and making historic advances with the launch of Chandrayaan 2. India has launched 239 satellites for 28 different countries as of Oct 2018. All satellites were launched using the ISRO’s polar satellite launch vehicle expendable launch system. ISRO successfully launched 164 satellites by a single rocket on 15th Feb’2017 of which 3 satellites are the Indian satellites and the remaining are foreign commercial satellites.

 

Artificial Intelligence is expected to more than double the rate of innovation and employee productivity in India by 2021 while only one-third of organisations in India have embarked on their AI journey. Those companies that have adopted this technology are expected to increase their competitiveness by 2,3 times in 2021. The dawn of mobile technology, data availability and the explosion of open source software also provides artificial intelligence huge playing field in the banking sector.

 

Taking a leap in the automobile sector, India is popularising electric vehicles due to multiple reasons such as eco-friendliness, cheaper fuel cost, lower maintenance expenses, etc. The central government has also taken many initiatives to give a boost to electric vehicles. There has been a greater push in the innovation in the last 5 years and there are about 15,000 start-ups out of which 5,000 are deep technology based start-ups.

 

The department of science and technology recently launched a mission in cyber physical systems that would create human resources in the country, infrastructure and intensive R&D in areas of artificial intelligence, machine learning, robotics, sensors, etc. India’s scientific publications are growing 14% every year compared to the global average of 4%.

 

The Global Innovation Index aims to capture the multi-dimensional facets of innovation. India has created an environment in which innovation factors are continuously evaluated and provides a key to as well as a rich database of detailed metrics for the economy. The Global Innovation Index is an annual ranking of countries by their capacities and success in innovation.

 

The Global benchmark helps policymakers to understand better as to how to stimulate and measure innovative activity as the main driver of economic and social development.

GII is published by Cornell University INSEAD and the World Intellectual Property Organisation in partnership with other organisations and institutions.

It is based on the data derived from several sources including data by ITU, World Bank and World economic forum. The index was started in 2007 by INSEAD and World business of British magazine.

 

Corporate and Government using it in their countries to up their level of innovation. According to the rankings, Switzerland is the world’s most innovative country followed by Sweden, USA, Netherlands and UK. Regional leaders include India, South Africa, Chile, Israel, Singapore, China, and Vietnam.

 

The theme for Global Innovation Index 2019 is Creating Healthy Lives: The Future of Medical Innovation.

 

Key findings of the Index are:

  • The global landscape of science, innovation and technology has undergone significant shifts in the last few decades.
  • Middle income economies especially Asia increasingly contributing to R&D
  • The index shows public R&D expenditures, particularly in high-income economies, grow slowly or not at all.
  • Increased protectionism possess risks, innovation inputs and outputs still concentrated in few economies

 

The top 5 clusters are Tokyo-Yokohama, Japan, Shenzhen-Hong Kong, China, Seoul-Republic of Korea, Beijing-China and San Jose- San Francisco, USA.

 

The report points out that the innovation is shifting from high income to middle level economies. Although innovation expenditures are concentrated in a few economies.

 

There are 5 key indicators of innovative activities: Institutions, Human capital & research, Infrastructure, Market sophistication and Business sophistication. Other measures are knowledge & technology, and creative outputs. The GII gathers data from over 30 sources covering a large spectrum of innovation rise in results.

 

 

ALSO, SEE RELATED RAJYA SABHA VIDEOS

 

You are on the Best Online IAS preparation platform. You are learning under experts.

We are present on Facebook- Diligent IAS, LinkedIn- Diligent IAS, YouTube- Diligent IAS, Instagram- Diligent IAS. Get in touch with us.