Japan has emerged as the world''s most innovative nation
in terms of business practices, followed by Switzerland,
the US and Sweden, in a survey of 485 senior executives
worldwide, carried out by Hong Kong-based Economist Intelligence
has been ranked 58th, ahead of China''s 59th position in
a ranking of 82 economies, based on their level of innovation
survey, however, said India may give away its lead over
China as an innovative country in the next five years,
even though it has emerged as the second best place for
US emerged as the country with best conditions for innovation,
followed by India at the second position, UK at the third
and Japan at the fourth.
the study said, China is likely to have more favourable
conditions for innovation than India in the next four
it is still not as efficient at innovation as India, the
huge sums of money it is pouring into R&D and education
will ensure that it climbs steadily up the rankings, leaving
India behind," it added.
to the study, the top four economies are set to maintain
their position during 2007-2011, while China will move
up to 54th position, overtaking India.
would also rise in the ranking, but not as much as China
would be positioned at 56th rank in 2011.
study further found that both China and India were breaking
out of their position as members of the under- developed