Investment Guru Stocks Mutual Funds Commodity Currency World Market Expert Advice Free Tips Recommendation


Published on 17/04/2018 12:27:34 PM | Source: Dion Global Solutions Ltd

India ranked 10th on Commonwealth Innovation Index: Report

Posted in Economy News| #India #Economy # Patricia Scotland

India was ranked 10th on a new Commonwealth Innovation Index, topped by the UK, Singapore and Canada, said media reports. As per reports, the index was launched as part of a new Commonwealth Innovation Hub on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM). It has been created in partnership with the United Nations World Intellectual Property Organisation (WIPO) and its annual Global Innovation Index (GII).

As per reports, it is aimed at providing a tool that allows member states, organisations and citizens to benchmark themselves against 53 countries of the Commonwealth, with the new innovation hub offering a dedicated online space for Commonwealth countries to showcase what they have to offer and share with other members.

Commenting on the issue, Commonwealth Secretary-General Patricia Scotland told the media, "Nearly 60 per cent of the Commonwealth population is under 30 with a lot of talent and innovation and with this new digital platform, we now get to pool it and share it." "This is part of the reform and renewal process of the organisation, which will take it into a higher energy orbit and into the information age. It makes the Commonwealth even more relevant and fit for its sharing and caring purpose," she said.