India drops to 64th position on Global Innovation Index

• India dropped in the Global Innovation Index (GII) ranking of 2012 to 64th position from 62nd in 2011.
• Lowest among the BRICS nations in the 2012 GII.
• Nonetheless, the nation ameliorated its position in innovation efficiency from 9th position (just behind China).

• GII exhibits nations that are innovating in spite of a weaker innovation environment.
• Switzerland, Sweden and Singapore secured the top 3 positions in the GII rankings.
• The Global Innovation Index 2012 was released by France-based international business school INSEAD and World Intellectual Property Organisation (WIPO), a specialized agency of the United Nations, along with the Confederation of Indian Industry (CII).

Month: Current Affairs - July, 2012