Page 268 - ES 2020-21_Volume-1-2 [28-01-21]

Innovation: Trending Up but needs thrust, especially from the Private Sector 251

Figure 12: India’s performance in Market Sophistication Pillar in GII 2020

Innovation Input Sub-Index 2020 Market Sophistication Pillar 2020
Pillar - Market Sophistication Sub-Pillar: Credit
0 CA US 0 CA US
UK
CH JP UK CH GR
India 31 FR GR JP
50 IT 50 India 60 FR
Rank BR Rank IT
100 100 BR

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 $)
Market Sophistication Pillar 2020 Market Sophistication Pillar 2020
Sub-Pillar: Investment Sub-Pillar: Trade, Competition & Market Scale
0 CA UK US 0 India 15 CH JP GR US
FR UK
FR BR IT CA
50 India 59 CH JP 50
Rank IT GR Rank
100 BR 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 $)

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.

8.19 Figure 13 examines India’s performance in the business sophistication pillar and its three
sub-pillars – knowledge worker, innovation linkages and knowledge absorption vis-à-vis its
level of development. India performed above expectation for its level of development in two
sub-pillars of the business sophistication pillar in 2020 – knowledge absorption (rank 39) and
innovation linkages (rank 41). Its performance in knowledge absorption sub-pillar was led by
the parameters intellectual property payments as per cent of total trade (rank 27) and high-tech
imports as per cent of total trade (rank 29). India’s relatively poor performance in knowledge
workers sub-pillar can be mainly attributed to its low performance in the parameter females
employed with advanced degrees (rank 101), followed by the parameter knowledge-intensive
employment (rank 90).