India has improved its innovation ranking in Global Innovation Index to reach 66th position from its last year’s rank of 81st, this improvement in the rank for India comes after 5 years of continuous drop in its ranking. Switzerland, Sweden, the United Kingdom, the United States of America, Finland and Singapore lead the 2016 rankings in the Global Innovation Index, released jointly by Cornell University, INSEAD, World Intellectual Property Organization (WIPO) AT Kearney and Confederation of Indian Industry (CII).

• Along with its innovation performance India’s innovation ranking is driven by methodological considerations, such as the addition of new indicators.
• Relative to GDP, India performs well above the line of the level of development. Among its income group (lower-middle income) it ranks 6th and in its region (Central and Southern Asia) it ranks first.
• Among the GII 2016 leaders, four economies Japan, the U.S., the UK, and Germany stand out in innovation quality, a top-level indicator that looks at the caliber of universities, number of scientific publications and international patent filings.
• China moves to 17th place in innovation quality, making it the leader among middle-income economies for this indicator, followed by India which has overtaken Brazil.

GII 2016 Theme: “Winning with Global Innovation”

The report explores the rising share of innovation carried out via globalized innovation networks, finding that gains from global innovation can be shared more widely as cross-border flows of knowledge and talent are on the rise. The report also concludes that there is ample scope to expand global corporate and public R&D cooperation to foster future economic growth.