Page 267 - ES 2020-21_Volume-1-2 [28-01-21]

250 Economic Survey 2020-21 Volume 1

Figure 11: India’s performance in Infrastructure Pillar in GII 2020

Innovation Input Sub-Index 2020 Infrastructure Pillar 2020
Pillar - Infrastructure Sub-Pillar: ICTs
0 UK 0 UKUS
JP GR JP FR GR
CH IT FR US BR CA
CA IT
50 50 CH
Rank India 75 BR Rank India 74

100 100

150 150
3 3.5 4 4.5 5 3 3.5 4 4.5 5
Log 10 (GDP per capita, PPP Current International $) Log 10 (GDP per capita, PPP Current International $)

Infrastructure Pillar 2020 Infrastructure Pillar 2020
Sub-Pillar: Electricity, Logistics and Gross Capital Formation Sub-Pillar: Ecological Sustainability
0 CA US 0 UK
IT
CH JP JP GR
GR
FR UK FR
50 India 46 IT 50 CH US
Rank Rank BR CA
100 BR 100 India 98

150 150
3 3.5 4 4.5 5 3 3.5 4 4.5 5
Log 10 (GDP per capita, PPP Current International $) Log 10 (GDP per capita, PPP Current International $)

Source: The World Bank and GII database
Note: Highest possible rank is 1. Figure shows India’s innovation rank. US = USA, CH = China, JP = Japan, GR =
Germany, UK = United Kingdom, FR = France, IT = Italy, BR = Brazil and CA = Canada.

8.18 Figure 12 examines India’s performance in the market sophistication pillar and its three
sub-pillars – credit, investment and trade, competition and market scale vis-à-vis its level
of development. India performed above expectation for its level of development in all three
sub-pillars of the market sophistication pillar in 2020, performing particularly well in trade,
competition and market scale sub-pillar (rank 15). This was driven by the parameter domestic
market scale in which India ranked third globally. India’s performance in investment sub-
pillar was driven by the parameters ease of protecting minority investors (rank 13) and market
capitalisation as per cent of GDP (rank 19). India’s performance in credit sub-pillar was driven
by the parameters ease of getting credit (rank 23) and microfinance gross loans as per cent of
GDP (rank 25).