Sri Lanka has moved up ten positions on the Global Innovation Index for 2002 the country has been ranked in the 85th position on innovation developments at a global level and fifth at the regional level.
Sri Lanka was highlighted as one of the four economies that raised its performance from ‘below expectation’ to ‘matching expectation’. In other words, Sri Lanka could do better.
The other three economies identified to improve their innovation status were Bangladesh, Ethiopia, and Yemen. Analysis of the breakdown of the ranking score showed that Sri Lanka was given 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.