Page 269 - ES 2020-21_Volume-1-2 [28-01-21]

252 Economic Survey 2020-21 Volume 1

Figure 13: India’s performance in Business Sophistication Pillar in GII 2020

Innovation Input Sub-Index 2020 Business Sophistication Pillar 2020
Pillar Business Sophistication Sub-Pillar: Knowledge Worker
0 CH JP GR 0 CH JP GR US
US
BR CA UK BR FR UK
FR
IT CA
50 India 55 50 IT
Rank Rank India 83
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 $)
Business Sophistication Pillar 2020 Business Sophistication Pillar 2020
Sub-Pillar: Innovation Linkages Sub-Pillar: Knowledge Absorption
0 CA US 0 JP US
GR
JP UK CH FR CA
GR
India 41 CH IT FR India 39 BR UK
50 BR 50 IT
Rank Rank
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 $)

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.

INDIA’S INNOVATION PERFORMANCE VIS-À-VIS TOP TEN
ECONOMIES

8.20 India is currently the fifth largest economy in terms of GDP current US$ while it is the
third largest in terms of GDP PPP current international $. Although India has performed above
expectation on innovation w.r.t. its level of development, India lags behind most other large
economies (top ten in terms of GDP current US$) on most indicators of innovation.

8.21 Figure 14 shows GII performance of the ten largest economies (GDP current US$).
Although India performs in line with its level of development, India ranks second lowest, after
Brazil, on the overall GII. Countries such as China and the UK rank much higher than expected
for their level of development.