The Global
Innovation Index and India
Economy of world is growing
rapidly and we are witnessing a new creation and innovation in our daily life.
Our i-phone gets old in couple of months and we get a new and improved
technology. It is not only technology which is upgrading and innovating itself,
innovation is taking place in each and every sector.
Global Innovation Index is an
approach to find out the impact of innovation on the Economies in countries and
how the countries inclined towards the innovation process. Global Innovation
Index provides the ranking to countries based upon their contribution towards
the innovation and its results occurred in their Economy and Society.
Cornell University, INSEAD, and
the World Intellectual Property Organization co-publish the Global Innovation
Index since last seven year. Whereas, 2014 is the seventh year of publication
of Global Innovation Index.
Global Innovation Index (“GII”)
is a unique indices which evaluate the Economies of the world as per their
innovating capabilities and is very useful from point of view of business
person and obviously innovators. GII uses profiles, including data, ranks and
strengths and weaknesses on 81 indicators of 143 country of the world. The
index is submitted to an independent statistical audit by the Joint Research
Centre of the European Commission.
Whereas, as per the Global
Innovation Index Switzerland claims the 01st positions among 143
countries. However, India, having population of more than 121 Crores
in comparison of 81,36,700 of Switzerland has been ranked 76 in Global Innovation Index. Instead
of lagging behind in mass Switzerland is on the First position since last 3
years.
It is surprising to observe that
as per Index India, slipped 10 places dropping to 76th position this
year.
If we look at our most competing
neighbor, China claims 29th position and Hong Kong at 10th
position. In India, 43,674
Patent applications have been filed in
the year 2012-13 whereas only 4,126 Patents have been granted so far. In terms
of Designs, 8,337 applications were filed in India in the year 2012-13.
Innovation takes place when we
are placed under condition when we have to do more with less. Indians are
flocked with resources, so, here we are under condition where we are doing less
with more. There are possibilities where India can lead the innovators of world
and can set up an economy comprising of innovative thoughts.
As per the theme of GII this
year, human factor is very vital for the innovation in economy. Indian colleges
and Universities are manufacturing graduates every years but a very small part
of the Intellectual young breed are indulged in innovation process. India has
become a supplier of Engineer, Manager and technician to the world but alas due
to certain factors Indian economy is unable to take benefit of indigenous
inventors. It will be in favor of Indian Economy if Government gives promotion
to Indian innovation process and implement better policy for R&D
activities.
This Article is solely intended
for purpose of information to the public at large. Article is not intended for
any commercial purposes. Global Innovation Index is published globally by WIPO,
Cornell University, and INSEAD. For more information write at iprsmith@rediffmail.com or iprsmith@yahoo.com.
