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Friday, January 9, 2009

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India Ranks 41st in the Global Innovation Index

India falls 18 places in global innovation index. In last year's Index India was ranked 23rd out of 107 countries. In the current edition, which is the second edition of the Global Innovation Index (GII) India has been ranked 41 among 130 countries. The United States has been ranked first, Germany second and Sweden third in this year's index.

This report puts China at 37, eight places down from last year but four places ahead of India. Also last year, global research and advisory firm Economist Intelligence Unit ranked India 58 on its list of innovative countries, one rank above China. Indian policymakers and scientists frequently compare their research and innovation output with China's, which in the past two decades has overtaken India on several indices that measure scientific prowess of countries.