Page 277 - ES 2020-21_Volume-1-2 [28-01-21]

260 Economic Survey 2020-21 Volume 1

Figure 23: Performance of Top 10 Economies on Business Sophistication Pillar

Innovation Input Sub-Index 2020 Business Sophistication Pillar 2020
Pillar Business Sophistication Sub-Pillar: Knowledge Worker
0 US 0 US
JP GR CH JP FR
CH GR
UK 20 UK
20 FR CA BR CA
Rank BR IT Rank 40
40 IT
60
IN 55
60 80 IN 83
3.8 4 4.2 4.4 4.6 4.8 3.8 4 4.2 4.4 4.6 4.8
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
CA US 0
10 CH JP US
UK GR
20 JP 10
FR
30 IT 20 FR CA
Rank 40 IN 41 Rank 30 BR UK GR

50 CH 40 IN 39

60 BR 50 IT
3.8 4 4.2 4.4 4.6 4.8 3.8 4 4.2 4.4 4.6 4.8
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, IN=INDIA, UK = United Kingdom, FR = France, IT = Italy, BR = Brazil and CA = Canada.

TRENDS IN INDIA’S INOVATION PERFORMANCE

8.30 India has consistently improved on GII from rank 81 in 2015 to rank 48 in 2020 (Figure
24). While India has performed impressively, there is scope for much more improvement. To
put things into perspective, China has improved its rank from 29 to 14 during the same period.
China embarked on an ambitious R&D roadmap to become an innovation-oriented economy
(see Box 3). We therefore compare India’s improvements vis-à-vis that of China on the various
dimensions of innovation performance.