(NewsRadio); Sri Lanka has moved up 10 places to be ranked 85th in the latest Global Innovation Index (GII).
The report released by the World Intellectual Property Organisation has indicated that Sri Lanka has made significant gains from 2021.
Sri Lanka is categorized under the lower middle-income group and has performed in line with the level of development with regard to innovation developments by the World Intellectual Property Organisation.
Sri Lanka has also been highlighted as one of the four economies that raised its performance from ‘below expectation’ to ‘matching expectation’.
Sri Lanka has been given by the World Intellectual Property Organisation a rank of 119 for its institution, 120 for human capital and research, 73 for infrastructure, 108 for market sophistication, 71 for business sophistication, 66 for knowledge and technology outputs, and 69 for creative outputs.
Switzerland is on top of the Global Innovation Index while the United States is ranked second.
