Main Article Content
Abstract
Despite the significant sustained improvement in the innovation performance of Indian economy almost over the past a decade, achieving better innovation performance in many pillars, sub-pillars and variables of innovation, like India ranks in the top 50 global economies in 2 out of 7 pillars in the area of innovation namely Knowledge and technology outputs, Market sophistication; many variables are in the top 25,26th rank in quality innovation, top in ICT services exports, 4th rank in labor productivity growth, etc.. While lagging behind in many variables globally, viz., Environmental performance, New businesses density, and Entertainment and media market, Logistics performance, and Females employed with advanced degrees, education, Ease of starting a business, Tertiary level inbound mobility, ICT access, ICT use etc. This paper examines the innovation performance of seven pillars and twenty one sub- pillars and their indicators (variables) in terms of Global Innovation Index (GII) ranking to the stand point of judging the overall innovation performance of Indian economy. Using Global Innovation Index from 2014 to 2019, this is co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO, a specialized agency of the United Nations) as well as current reports. We firstly, highlight the pillars and sub-pillars of Global Innovation Index along with status in its regional and income group. Finally, GII for India from 2014-2019 are use to measure and analyzing the innovation performance of five inputs and two outputs in the economy of India and have also attempted to address the weaknesses area of innovation in the economy of India.