India among top 5 innovation destinations

Q.  India is among the top ___ destinations when it comes to innovation according to a Capgemini report.
- Published on 03 Jun 16

a. 5
b. 10
c. 8
d. 15

ANSWER: 5
 
Report innovation centres in the country doubled to 16 during a 6 month period to leapfrog India to top 5 globally when it came to innovation, according to consulting major Capgemini.
  • India has been rising in the ranks of favourite destinations to open innovation centres- the previous research identified 8 innovation centres in India in July 2015
  • India has since seen 8 more innovation centres open their doors
  • New innovation centres were opened making India emerge as the fifth global hub in the top 5 listed namely Silicon Valley, London, Paris and Singapore
  • New innovation centres in the past few months included top brands like Visa, Apple and Airbus.
  • Internationally the financial sector led the rest of the pack in opening innovation centres
  • Close to 42 percent of leading financial organisations had innovation centres in February 2016 as against 28 percent in July 2015

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