In­dia in­no­vates

The Smart Manager - - Innovation -

With its high de­mo­graphic div­i­dend, a vast tal­ent pool, strong do­mes­tic mar­ket, and roots in fru­gal in­no­va­tion or ju­gaad, In­dia has all the in­gre­di­ents to be­come a global leader in in­no­va­tion. It is this po­ten­tial that is high­lighted in the ninth edi­tion of the Global In­no­va­tion In­dex 2016 (GII).

The 2016 Global In­no­va­tion In­dex Re­port (GII 2016) was of­fi­cially launched on 15 Au­gust in Geneva. Its rank­ings and in-depth analy­ses are al­ready stim­u­lat­ing in­ter­est­ing de­bates in var­i­ous parts of the world. In­dia is one of the coun­tries that many ob­servers con­sider as a po­ten­tial key player in in­no­va­tion. What does the re­port tell us in this re­spect?

GII 2016—a brief over­view

The GII 2016 cov­ers 128 economies around the world and uses 82 in­di­ca­tors across a range of pil­lars (5 for ‘in­puts’ and 2 for ‘out­puts’). This an­nual re­port is now in its ninth edi­tion, and has be­come a highly rec­og­nized point of ref­er­ence in bench­mark­ing coun­tries’ in­no­va­tion per­for­mance. More than an an­nual bench­mark­ing ex­er­cise,

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