13 August, 2014

Global Innovation Index 2014 - India ranks 76

Released jointly by WIPO, Cornell University and INSEAD – along with knowledge partners Confederation of Indian Industry (CII), Huawei and Dubai mobile operator du – the Global Innovation Index 2014 shows Switzerland, the UK and Sweden in top positions.

The theme of the report this year is ‘The Human Factor in Innovation,’ exploring the role of human capital in the innovation process and mechanisms for identifying and energising creative individuals and teams.

Switzerland remains the leader for the fourth consecutive year. The UK moves up a rank to second place, followed by Sweden. The Top Five innovative countries of the world are Switzerland, the UK, Sweden, Finland and Netherlands. In positions No.6 through No.10 are the US, Singapore, Denmark, Luxembourg and Hong Kong.

They top the ranks due to their well-linked innovation ecosystems, human capital investments, ICTs and high levels of creativity. Innovation quality is measured by university performance and patent applications.

Among the BRICS group (Brazil, Russia, India, China, South Africa), China is at 29th rank, followed by Russia (49), South Africa (53), Brazil (61), and India (76), a slip in its 2013 rank of 66.

India leads in the Central and Southern Asia region in terms of innovativeness. The report also identifies top innovating countries in other regions: North America (US, Canada), Europe (Switzerland, UK, Sweden), Southeast Asia (Singapore, Hong Kong, Korea), Latin America (Chile), Sub-Saharan Africa (Mauritius, Seychelles, South Africa) and Middle East (Israel, UAE).