India scored a major improvement in its Global Innovation Index ranking this year, moving up to the 66th place from 81 in 2015. India's better performance in the latest index readings was due to its strengths in tertiary education, software exports, corporate R&D and market sophistication.

Finland, Switzerland, Sweden, Israel, Singapore, the Netherlands and the United States are leading the world when it comes to generating economic impact from investments in information and communications technologies (ICT), according to the World Economic Forum’s Global Information Technology Report 2016.