Launch of the Global Innovation Index 2016 in India

India released the Global Innovation Index 2016 report in New Delhi on the 19 th of August, 2016. The occasion was propelled by the Department of Industrial Policy and Promotion, NITI Aayog and Confederation of Indian Industry (CII). As indicated by the GII 2016 report, India scored a noteworthy change in its Global Innovation Index positioning this year, climbing to the 66th spot from 81st in 2015. India's rank is enhanced by a bounce of 15 spots.

India's better execution in the most recent list readings was because of its qualities in tertiary instruction, software trades, corporate R&D and sophistication of market. India has beginning to exceed expectations in ICT and inventive products exports. It is setting a decent illustration highlighting how its strategy is enhancing the innovation environment.

The Global Innovation Index 2016 was the consequence of cooperation between the World Intellectual Property Organization, Cornell University, and business graduate school INSEAD. The yearly list is set up as per the development abilities utilizing more than 80 markers, including instruction, R&D, patent filings, knowledge and technology inputs and institutions of the countries.

WIPO Director-General Francis Gurry said: " I would like to congratulate India on how it has prioritised innovation in its development strategy. In the GII, India performs better than other countries at a similar level of economic development. India also shows outstanding strengths in innovation factors such as the number of graduates in science and engineering, the quality of its scientific publications and the qualityof its universities." He said that innovation is a long procedure and the industry must be persuaded of its adequacy in the long haul. There is nothing that can drastically change innovation performance overnight in a nation. Improving awareness measures, focusing on research, securing funding are all equally important. Image source: