India ranked poorly at number 66 among 142 economies that were evaluated based on their innovation capacity and efficiency. The country that ranked number 1 on innovation was Switzerland. The US stood at number 10. even among the BRICS, India scored the least on innovation. India ranked very poorly on political stability (Rank 123) and ease of starting business (Rank 128) . And so was the case with knowledge and education related parameters. However, India did perform well on certain parameters. For instance, it ranked number 1 on Computer and Information Services exports. It ranked 9th on the parameter of Gross Capital formation (as a percentage of GDP). For Creative goods exports, India stood 11th. It also scored well on parameters such as Investment in new business (Rank 20), Industrial Cluster Development (Rank 29), etc.
Posted on: Thu, 04 Jul 2013 20:23:27 +0000
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