Government, industry must work togesther to promote R&D: Watal
The culture of spending on research and development is growing in India and we are seeing the results in the form of improvements in rankings such as the Global Innovation Rank (GII), Watal said at a CII event on the release of the GII report.
India has improved its ranks on the Global Innovation Index by three places to 57th in 2018 from 60th position last year, according to the 'Global Innovation Index 2018, Energizing the World with Innovation' report.
India ranked well in several important innovation inputs, including graduates in science and engineering, expenditures of major R&D-intensive global companies, and capital formation, the report said.
Switzerland, the Netherlands, Sweden, the UK, Singapore, the US, Finland and Denmark lead the 2018 rankings in GII.
It also pointed out that in particular, India ranked well in the quality of its scientific publication and local universities, because of higher scores for the Indian Institute of Science Bangalore and the Indian Institute of Technology.
Innovation outputs measure the results of these efforts in terms of scientific publications, patents, trademarks, production, exports and other outputs.
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