Published: Sat, July 14, 2018
Business | By Tara Barton

GII rankings: India top IT exporter but lags in information access

GII rankings: India top IT exporter but lags in information access

The 11th Global Innovation Index report, compiled by the Cornell University, the graduate business school IINSEAD and the World Intellectual Property Organization (WIPO) embraced 126 countries.

The Global Innovation Index 2018 keeps Switzerland in the No 1 spot, followed by the Netherlands, Sweden, Britain and Singapore.

"It will be important for Africa to preserve its current innovation momentum", adds the report published by World Intellectual Property Organisation.

United Nations, Jul 10 India slightly improved its rank in an index of the world's most innovative economies, maintaining its position as the top exporter of IT services but still lagging in parameters of ease of starting a business, political stability and safety, and female employees with advanced degrees in the workforce.

Organisers also noted that after being 22th last year, China's 17th ranking this year "represents a breakthrough for an economy witnessing rapid transformation guided by government policy prioritising research and development-intensive ingenuity".

The index is sponsored by the WIPO, Cornell University's SC Johnson College of Business in NY, and INSEAD, the graduate school of business with campuses in France, Singapore and Abu Dhabi.

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This provides decision makers with an overview about the innovation activity, which stimulates economic and social growth.

As the only middle-income economy in the top 20, China has shown a significant improvement in global R&D, high-tech imports, the quality of its publications and tertiary enrollment, the report said, noting that China is among the world's top two in R&D expenditure and the number of researchers, patents and publications.

Among regional countries, Singapore did better than South Korea, which placed 12th overall, and Japan, which was 13th globally.

According to the report which ranked at least 126 countries, Kenya has since 2012 been achieving a high level of innovation with respect to its level of development and thus emerging 78th in the list. This represents a leap of five places from a year ago and another noticeable improvement after it broke into the top 25 in 2016. "Since 2012 the region had had more countries among the group of innovation achievers than any other region", the report says.

There were five achievers from eastern Europe — Moldova, Armenia, Ukraine, Montenegro and Serbia. Outsiders were Burkina Faso, Togo and Yemen. Macedonia, meanwhile, fell more than 10 spots, from 61st to 84th.

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