Pakistan jumps to eight rank in International Innovation Index 2021
NEW YORK: World Mental Property Organisation has ranked Pakistan on 99th among 132 countries at the International Innovation Index 2021 rankings.
According to the News Update, the index, which depends on 81 completely different indicators, classifies world economies in line with their modern capability. “Whereas monitoring the newest world innovation tendencies within the new International Innovation Tracker, this version additionally focuses on the influence of the COVID-19 pandemic on innovation.
“The GII’s general system for measuring an financial system’s modern capability and output offers readability for determination makers in authorities, enterprise and elsewhere as they stay up for creating insurance policies that allow their folks to invent and create extra effectively,” it stated in an announcement.
In 2021 rating, Pakistan jumped eight locations because it stood at 107 in 2020. “Pakistan ranks 17th among the 34 lower middle-income group economies,” the GII report stated. “Pakistan ranks 7th among the 10 economies in Central and Southern Asia.”
The report stated Pakistan has carried out above the decrease middle-income group common in 4 pillars, specifically: establishments, enterprise sophistication, data and expertise outputs, and inventive outputs. In Central and Southern Asia, Pakistan carried out above the regional common in the identical 4 pillars, Arab Information reported.
