India continued to rise in the Global Innovation Index (GII) rankings for the second year in succession, after four consecutive years of decline. In 2017 rankings released in Geneva (Switzerland), India improved its position from 66 to 60.
Its improvement is part of a trend both in the middle-income countries and Asian countries, many of which have improved their innovation capacities in recent years. The GII was first developed 10 years ago by the business school INSEAD in Paris.
Top three most innovative countries in the list are-
Ranking of Neighbouring countries of India-
- China (22nd)
- Sri Lanka (90th)
- Nepal (109th)
- Pakistan (113th)
- Bangladesh (114th)
Important Takeaways from above News-
- The first report of GII was released in 2007.
- Currently, it has 14 Advisory Members.
Source- The Economic Times