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India ranks 66th in 2016 Global Innovation Index

India has ranked 66th in the 2016 Global Innovation Index (GII). 
•    In this edition, India has jumped up by 15 spots from 81st position in 2015 GII. 
•    The annual index was released by France-based international business school INSEAD and World Intellectual Property Organization (WIPO), a specialized agency of the United Nations. 
•    The index ranks world economies since 2007 according to their innovation capabilities using more than 80 indicators. 
•    India’s better performance in the 2016 GII readings was due to its strengths in tertiary education, corporate R&D, software export and market sophistication. 
•    India has starting to excel in ICT and creative goods exports. It is setting a good example highlighting how its policy is improving the innovation environment.
•    Among the middle income countries, India (25th) came second after China (17th) in innovation quality by overtaking Brazil (27th). 
•    China has figured at the 25th position (29th in 2015 GII) is the only middle-income country in the top 25.
 

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