Improving its ranking in innovative activity for the second consecutive year, India has moved up six places from 66th in last year to reach 60th position in this year's Global Innovation Index (GII), an annual global ranking that assesses the innovation capabilities of 127 countries. The country scored 35.47 on a 0 to 100 scale in world innovation index, while Switzerland secured top place by scoring 67.69.
The report further said that India is now in the top half of the GII ranking, the country remained first in Central and Southern Asia region and 6th among lower-middle-income economies. India's ranking was elevated on the basis of five parameters - institutions, infrastructure, business sophistication, knowledge and technology outputs and creative output. India has also outperformed on innovation relative to its GDP per capita for many years in a row. However, India received lower ranking in two parameters - human capital and research and market sophistication.
The report noted that the country improved in several areas which include government's online service, gross capital formation, e-participation, logistics performance, high-tech imports and industrial design, but it said that India still has more potential and business environment is an area where the country can improve on most indicators.