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Rising on innovation: India has made it to top-50 in the GII

Project Info

  • Date Added: Oct 19, 2020
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Case Study

FINANCIALEXPRESS OCT-2020 Innovation, in both products and processes, has the potential to be India’s big-ticket to development. This is in line with the vision of the prime minister who has said “… I dream of a Digital India where the world looks to India for the next innovation.” India’s continuous improvement to reach the 48th position (among 131 economies) in the recently released Global Innovation Index (GII) is indeed good news. GII uses a broad definition of innovation which includes both product and processes. It has two sub-indices with equal weightage, ie, inputs (pillars of institutions, human capital and research, infrastructure, market sophistication, business sophistication) and outputs (knowledge and technological outputs and creative outputs).