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India Ranks 6th Around The World In Innovation – GE Survey

GE’s Annual Global Innovation Barometer conducted a report based on a survey of 2,800 senior business executives in 22 countries, including 200 respondents in India and said that India stands in the sixth position as the most innovative country. US topped the list with 65% of the global respondents followed by Germany (48%), Japan (45%), China (38%), Korea (13%) and India (12%).

Taj Mahal - An Indian Innovation?

Taj Mahal - An Indian Innovation?

Though there are 23% of Indian respondents only 12% identified India as one of the top three innovation champions. The report said that 36% of the Indian respondents expected large business to drive most of the innovation while 35% believed small and medium enterprises would be the most innovative. Earlier studies say that only 27% of Indian respondents believed in large business to be innovative.

83% of the Indian respondents believed that innovation must meet local market requirements where only 17% agreed that a combination of players partnering together would drive innovation.

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