India has grabbed the first position in the list of the World Intellectual Property Organisation (WIPO) as the top global exporter of information, computer and telecommunications (ICT) services.
India is ranked 60 for innovation, up from 66 last year in the WIPO’s Global Innovation Index (GII) for 2017 release.
Report’s co-editor, Soumitra Dutta, who is the dean of the SC Johnson College of Business at Cornell University, New York, at a Geneva news conference said, “We see the rise of India, which is doing increasingly well along many metrics.”
WIPO in collaboration with Cornell University and INSEAD, the France-based business school, prepared the index which said, “India has shown improvement in most areas, including in infrastructure, business sophistication, knowledge and technology and creative outputs.”
The overall top spot was given to Switzerland, followed by Sweden, Netherlands and the US by the GII, which covers 130 countries. China claimed the 22nd rank.
In individual areas, India’s presentation and rankings that go to make up the overall standings paint a picture of bleak dissimilarities.
Chandrajit Banerjee, Director General of a knowledge partner for the project ‘Confederation of Indian Industry (CII)’, saw changes coming. He said,”Public policy plays a pivotal role in creating an enabling environment conducive to innovation.”
“In the last two years, we have seen important activities around the GII in India like the formation of India’s high-level Task Force on Innovation and consultative exercises on both innovation policy and better innovation metrics,” Banerjee added.
“One of the initiatives is the creation of an India Innovation Index that adapts the GII to meet its strategic interests so that it can target areas for improvement and set goals,” he further added.