GE’s Annual Global Innovation Barometer has ranked India as the sixth most innovative country.
In terms of sectors, energy, followed by healthcare, telecommunication and FMCG were the areas with the most innovation-driven growth potential, according to the survey.
The report, is based on a survey of 2,800 senior business executives in 22 countries, including 200 respondents in India, identifies the top enablers for innovation in the country as talent ('creative' talent and people with technical expertise), financial support from public authorities and long-term support from investors.
The following countries were named as "innovation champions", 65 per cent of the global respondents identified the US, followed by Germany (48 per cent), Japan (45 per cent), China (38 per cent), Korea (13 per cent) and India (12 per cent).
"Creating conditions for meaningful innovation requires the right blend of internal and external factors that can readily be adapted to meet individual market and customer needs," GE senior VP and chief marketing officer Beth Comstock said.
The survey throws light on the enhancement of Intellectual Property of India.
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