India’s ranking on Global Innovation Index (GII) shot up from 81 in 2015 to 60 in 2017
GII ranks countries on an annual basis for their contribution towards successful innovations based on their capacity. Published by Cornell University, INSEAD and WIPO in partnership with other organizations and institutions, it is based on both objective and subjective data derived from several sources such as the International Telecommunication Union (ITU), World Bank and World Economic Forum (WEF). The GII report has been published each year since 2007, becoming a leading benchmark tool for policy makers and business executives who seek insight into the state of innovation around the world, as a tool to measure progress. GII marks indicators for ranking world economies, their innovation capabilities and subsequent results. It provides a broader horizon by marking indicators going beyond the traditional measures such as levels of research and development.
Recognizing India’s potential to reach great heights in innovation and creativity, a Task Force on Innovation was set up on the directions of Smt. Nirmala Sitharaman, the Commerce & Industry Minister, Government of India. The Task Force on Innovation had the mandate of assessing India’s position as an innovative country, and suggest measures to enhance the innovation ecosystem in India and thus improve India’s ranking in the GII. The Team, comprising of Government officials and experts from private organisations & academia, has compiled this Report to assist India in this journey.