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Innovation: Trending Up but needs thrust, especially from the Private Sector 273

Figure 42: Innovation and Access to Equity Finance

A) Equity Capital (Market Capitalisation) B) Equity Capital (Venture Capital)

Global Innovation Index 2020 Global Innovation Index 2020
0 US 0 UK US
GR FR FR CH GR
CH CA CA
20 JP 20 JP
GII - Rank GII - Rank IT

40 40
India 48 India 48

60 BR 60 BR
50 70 90 110 130 150 105 90 75 60 45 30 15 0
Access to Equity Finance - Market Capitalisation(% of GDP) Access to Equity Finance - Venture Capital (Rank)

Innovation Output Sub-Index 2020 Innovation Output Sub-Index 2020
0 0
US UK US
CH
GR FR CH GR
FR JP
Innovation Output - Rank 40 India 45 CA Innovation Output - Rank 40 IT India 45
JP
20
20
CA

60 BR 60 BR
50 70 90 110 130 150 105 90 75 60 45 30 15 0
Access to Equity Finance - Market Capitalisation(% of GDP) Access to Equity Finance - Venture Capital (Rank)

Innovation Input Sub-Index 2020 Innovation Input Sub-Index 2020
0 0
US UK US
CA CA JP
GR FR JP 20 FR GR
Innovation Input - Rank 40 CH Innovation Input - Rank 40 IT CH
20

India 57 BR India 57
60 BR 60
50 70 90 110 130 150 105 90 75 60 45 30 15 0
Access to Equity Finance - Market Capitalisation(% of GDP) Access to Equity Finance - Venture Capital (Rank)

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. Venture capital ranks are
from 2019. Market capitalisation data for USA, France and Canada are from 2018, rest are from 2019.
Source: The World Bank and GII database