According to an analysis in WIPO's (World Intellectual Property Organization) Global Innovation Index report, India is ranked first in the world in export of ICT (Information, Communication, Technology) services. A Press Release by WIPO states:
"India, 66th, is the top-ranked economy in Central and Southern Asia, showing particular strengths in tertiary education and R&D, including global R&D intensive firms, the quality of its universities and scientific publications, its market sophistication and ICT service exports where it ranks first in the world. India also over-performs in innovation relative to its GDP. It ranks second on innovation quality amongst middle-income economies, overtaking Brazil. Relative weaknesses exist in the indicators for business environment, education expenditures, new business creations and the creative goods and services production"
The report further states that according to Director General of Confederation of Indian Industry (CII), Chandrajit Banerjee,
“The commitment of India to innovation and improved innovation metrics is strong and growing, helping to improve the innovation environment. This trend will help gradually lift India closer to other top-ranked innovation economies”.
Overall, India was ranked 66th in the Global Innovation Index 2016, however it has moved up 15 places in one year ranking 81st on the same list last year..
Australia on the other has moved two places down from 17th to 19th on this Index while China for the first time has made it to the top 25 at 25.
The report also states:
"China’s top-25 entry marks the first time a middle-income country has joined the highly developed economies that have historically dominated the top of the Global Innovation Index (GII) throughout its nine years of surveying the innovative capacity of 100-plus countries across the globe.
The Global Innnovation Index was released jointly by WIPO, Cornell University, INSEAD and the 2016 GII Knowledge Partners, the Confederation of Indian Industry, du and A.T. Kearney.
Switzerland, Sweden, UK, USA and Finland were the top five countries on the Global Innovation Index this year.
You can access the Press Release and the full report below
http://www.wipo.int/pressroom/en/articles/2016/article_0008.html#videos
http://www.wipo.int/publications/en/details.jsp?id=4064
