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,