India Ranks 2nd in Global Innovation Index

Bangalore: According to the Global Innovation Efficiency Index, Countries that are strong in producing innovation outputs in spite of its weaker innovation environment and innovation inputs are ranked as high in the efficiency index. So the index suggests that the countries are best in transforming the given innovation into outstanding output is considered in the top 10 list of the nations with high global innovation efficiency index. The list ranks China and India on the top.

China

China looks at science and technology as the vital for achieving economic and political goals and holds pride in describing itself as the ‘techno-nationalism’. So most of the members of the Politburo Standing Committee of the Communist Party of China hold engineering degrees. In spends over $100 billion on scientific research and development in 2011 and became the world’s leading technological power. The Chinese space program is considered as the one of the world’s most active space program. It scores high on knowledge and technology outputs and in Infrastructure and Market and Business sophistication. For such countries the areas of improvements would be on the higher aggregate GII rankings which include institutions, human capital and research and creative outputs. China’s efficiency score is 1.13 and the GDP per capita (PPP) is $8394.1.