Global Innovation Index 2021- India status

 In the GII 2021 India is ranked 46 and moved 2 levels high. Five Asian economies feature among the top 15 – the Republic of Korea (5th) and Singapore (8th) are in the top 10, followed by China (12th), Japan (13th) and Hong Kong, China (14th).

India ranking by pillars:

Institutions-62

-Political environment -66

-Regulatory environment-71

-Business environment-62

Human Capital and Research-54

-Education-102

-Tertiary education-64

-Research and development (R&D)-35

Infrastructure-81

-Information and communication technologies (ICTs)-86

-General infrastructure-52

-Ecological sustainability-98

Market sophistication-28

-credit-56

-investment-45

-Trade, diversification, and market scale-7

Business sophistication-52

-Knowledge workers-83

-Innovation linkages-50

-Knowledge absorption-34

Knowledge and technology outputs-29

-Knowledge creation-51

-knowledge impact-51

-knowledge diffusion-13

Creative outputs-68

-intangible assets-61

-Creative goods and services-55

-online creativity-105

India's best

Graduates in science and engineering, %-12

Global corporate R&D investors, top 3, mn US$-15

QS university ranking, top 3*-23

Government online service-24

E Participation-29

Gross capital formation, % GDP-28

Ease of getting credit*-23

Microfinance gross loans, % GDP-25

Market capitalization, % GDP-19

Ease of protecting minority investors*-13

Domestic industry diversification-12

Domestic market scale, bn PPP$-3

Joint venture/strategic alliance deals/bn PPP$ GDP-35

Intellectual property payments, % total trade-27

High-tech imports, % total trade-26

Citable documents H-index-21

Labor productivity growth, %-17

ICT services exports, % total trade-1

Global brand value, top 5,000, % GDP-28

Cultural and creative services exports, % total trade-18

Creative goods exports, % total trade-24

Tokyo–Yokohama is the top performing S&T cluster once again, followed by Shenzhen–Hong Kong–Guangzhou, Beijing, Seoul and San Jose–San Francisco. The U.S. continues to host the highest number of clusters, followed by China, Germany, and Japan. Bengaluru is ranked 62 in the S&T cluster, downgraded by 2 ranks in 2021.

The top five R&D spending economies in 2019 were the United States (+10.9 percent), followed by China (+11.1 percent), Japan (−0.4 percent), Germany (+2.3 percent) and the Republic of Korea (+4.8 percent). These five economies have consistently been the world’s major R&D spenders since 2011. Business R&D expenditure – the largest component of total global R&D – grew by 7.2 percent in 2019, up from 4.6 percent in 2018. 

Global R&D Funding Forecast 2017

Highlights of the report:

• Global (116 countries) R&D investments will increase by 3.4% in 2017 to $2.066 trillion.
• More than 115 countries having significant R&D investments (more than $100 million)
• USA tops the list with 25.5%, followed by China 20.8%, Japan 8.4%, Germany 5.4%, South Korea 4.1% and India 3.8%.
• India spends more on R&D than, U.k, France, Sweden, Denmark,Russia, Australia, Israel, Canada etc.
• In the U.S., two-thirds of all of its R&D is invested and performed by industrial organizations.  Industries in Europe and Asia similarly support and perform between 50% and 75% of their countries’ total R&D. Industry is what drives the majority of global R&D throughout the world. 
• An analysis of the ICT industry reveals that global ICT R&D will increase by 5.1% in 2017 to $218.3 billion, while the U.S. component of those R&D investments will increase at a similar 5.1% to $122.2 billion in 2017.

• USA technological leader in all areas except automotive, where Japan is the leader and USA runner-up. China is runner-up in Computing/IT and ICT.
• INDIA’s 2017 R&D spending is expected to be $77.5 billion resulting in a global R&D total share of about 3.7%. 
• India has one of the largest public research systems in the world. Funding for R&D in these higher education sectors is larger than in France and nearly equals that of Japan. However, these universities are not considered world-class and have a weaker scientific and engineering publication record than other emerging economies such as Brazil, China and South Africa. 
• India has been very successful at attracting foreign R&D investments in a number of categories, including electronics and information technologies. Research studies found that India attracted about a third of nearly 200 engineering R&D (ER&D) centers created in 2015. The enterprises setting up these ER&D centers included the likes of Rolls-Royce, Ericsson, BASF, Bosch, Michelin, Foxconn and LeEco. India now has more than 1,000 ER&D centers. 

Source: R&D Magazine.