Innovation and The lowest BRIC

Fairval

Should come as no surprise: India. No matter how great we think the Indian economy is doing, we suck when it comes to innovation.

Check the Bloomberg Innovation Index. It lists top 50 countries on Innovation. And the BRIC rankings are

RUSSIA – 14

CHINA – 22

BRAZIL – 47

INDIA – NOT THERE

Similarly, there is something called Global Innovation Index, done by Insead etc, sponsored by Wipro, and Indian company. Let’s check the rankings here:

CHINA – 39

RUSSIA – 49

BRAZIL – 61

INDIA – 76

While there maybe slight differences in rankings between the two surveys, one thing is clear – India is not in the top 50.

And guess which countries are above and below us in GII. Ranked 75 is the runt of a country called Oman; and at 77 we have Lebanon, which has suffered from civil war for decades. Even…

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