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Xebra is thrilled to be selected in NASSCOM 10,000 Start-ups program

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Eliminate the hassle of manually creating monthly recurring invoices forever!

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Disburse monthly asset purchase payments in less than a minute!

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How did digital communication change post covid?

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Watch how pandemic has changed communication strategy for MSME companies

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The Evolving Landscape of Security and Privacy in FinTech

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Ecommerce Agency Owner Roundtable (Virtual Event)

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Disburse monthly company purchases in less than a minute!

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Increase your cash-flow and profitability with Xebra!

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Disburse employee monthly salaries in less than a minute!

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Disburse your monthly Company Expenses in under a minute!

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Ways to Improve your cash flow and collect money faster from your clients

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Step by step guide to kick-start your small business

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Onboarding Simplified for MSMEs

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How & Why Saas tools can help your small business?

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SaaS application that streamlines your accounting, invoicing, and payroll needs of your business.

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In Conversation with Nimesh Shah Xebra Business Financial Suite

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How Cloud Accounting Can Help Small Business

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Why every founder must do business financial analysis during this lockdown

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The 10 features in an ideal Online Invoicing Software

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News

India’s tech companies have a big talent problem

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Minutes Show India Will Go Slow on Exiting Easy Money Policy

Read More...

Amplify e-commerce and help all MSMEs reach markets online

Read More...

A 2022 vision: 5 lessons from 2021 coming into focus

Read More...

Investors decode impact of Budget 2022 on startup ecosystem

Read More...

More than 66 lakh MSMEs registered on Udyam portal: Economic Survey

Read More...

As govt pushes for digital payments, here’s how active MSME Ministry is in transacting digitally

Read More...

How ‘Shark Tank India’ Has Given A Boost To Women Entrepreneurs

Read More...

Budget 2022: What is in it for startups?

Read More...

Xebra is thrilled to be selected in NASSCOM 10,000 Start-ups program

Read More...

The Evolving Landscape of Security and Privacy in FinTech

Read More...

Ecommerce Agency Owner Roundtable (Virtual Event)

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Media

How did digital communication change post covid?

Read More...

Watch how pandemic has changed communication strategy for MSME companies

Read More...

In Conversation with Nimesh Shah Xebra Business Financial Suite

Read More...

Why every founder must do business financial analysis during this lockdown

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Four free business applications you can use while working from home

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Product

Decode cash flow statement to boost your company’s growth

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Step by step guide to kick-start your small business

Read More...

How can you maintain accounting accuracy for your small business?

Read More...

Onboarding Simplified for MSMEs

Read More...

How & Why Saas tools can help your small business?

Read More...

Should SMEs in India buy Saas applications and other online tools to become efficient and effective

Read More...

Xebra makes payroll a breeze!

Read More...

How does an invoicing software work?

Read More...

What are the basic accounting disciplines that small companies and start-ups should follow?

Read More...

SaaS application that streamlines your accounting, invoicing, and payroll needs of your business.

Read More...

Do biz-finance software’s contribute to start-ups in terms of value creation, relationships, counsel, and influence

Read More...

Accountant Vs. Bookkeeper- What’s the difference?

Read More...

Will accountants be replaced by computers in the coming years?

Read More...

Is an online business and finance software the right move for your small business?

Read More...

Should small business outsource their bookkeeping requirement or carry it out in-house?

Read More...

What are the accounting alternatives to tally for a small business?

Read More...

All You Need to know about Banking Terms

Read More...

Everything you wanted to know about Tax Deducted at Source TDS

Read More...

5 Ways Small Business Are Adopting Cloud Software

Read More...

How Cloud Accounting Can Help Small Business

Read More...

Don’t let the lockdown impact your business

Read More...

The 10 features in an ideal Online Invoicing Software

Read More...

Video

Eliminate the employee onboarding hassle with Xebra’s automation

Read More...

Xebra’s Vendor Portal that streamlines payments

Read More...

Improve your cash flow with Xebra’s dedicated client portal

Read More...

Xebra’s smart alerts notify you when expenses can cross budgeted limit

Read More...

Xebra helps you track your revenue targets that you have set client-wise or product/service wise!

Read More...

Eliminate the hassle of manually creating monthly recurring expenses forever!

Read More...

Eliminate the hassle of manually creating monthly recurring invoices forever!

Read More...

Disburse monthly asset purchase payments in less than a minute!

Read More...

Disburse monthly company purchases in less than a minute!

Read More...

Increase your cash-flow and profitability with Xebra!

Read More...

Multiple GST no’s delayed your tax calculation and accounting entries?

Read More...

Disburse employee monthly salaries in less than a minute!

Read More...

Disburse your monthly Company Expenses in under a minute!

Read More...

Ways to Improve your cash flow and collect money faster from your clients

Read More...

Do you know what is innovation score?

What is meant by Global Innovation Index?

The Global Innovation Index is an annual ranking of countries by their capacity for, and success in, innovation. Through innovation score we can find out where a particular country stands in a GII ranking. The Global Innovation Index (GII) takes the pulse of the most recent global innovation trends. It ranks the innovation ecosystem performance of economies around the globe each year while highlighting innovation strengths and weaknesses and particular gaps in innovation metrics.

 

Now let’s see what innovation score means in a numerical form!

Innovation score is the average of the two parameters -  enablers & performance scores

These have respective pillars on the basis the innovation index can be measured of the country.

 

Enablers are innovation inputs having 5 pillars around which we get the enablers score of a country.

The following are the 5 pillars of enablers:

(1) Human Capital, 

(2) Investment, 

(3) Knowledge Workers, 

(4) Business Environment, 

(5) Safety and Legal Environment.

 

Performance scores are the innovation outputs having 2 parameters as per which get the performance score

The following are the 2 pillars of performance score :

1) Knowledge Output 

2) Knowledge Diffusion.

 

Do you know India’s rank based on the above parameters?:

  • India has been on an upward trajectory over the past few years in the GII. India has shot up from a rank of 81 in 2015 to 46 in 2021. India performs better in innovation outputs than innovation inputs in 2021.
  • India ranks 2nd among the 34 lower middle-income group economies.
  • The government attributed the country’s improved performance to the departments of   atomic energy, science and technology, biotechnology and space.


Why GII is needed?

The GII's overall formula for measuring an economy's innovative capacity and output provides clarity for decision makers in government, business and elsewhere as they look forward to creating policies that enable us to invent and create more efficiently.

The Innovation Index aims to develop a comprehensive framework so that there is continuous evaluation of the country's innovation environment. Through evaluation the countries, states, cities & UTs will know how much and exactly in which sector they need to improve. Continuous evaluating the innovation performances of the country will help us in the following way :

  • We will be able to rank economies based on their index scores. 
  • Proper evaluation will let the economies know their strengths & weaknesses
  • This will help the assisting government to plan their initiatives as per the ranking.

 

Wasn’t this information quite interesting?

Please note that it is important to remember that various factors, including changes to the methodology for the calculation of indicators, data availability and changes to the GII model and measurement framework, influence the year-on-year comparisons of GII ranking

 

To conclude, 

GII continues to support and foster innovation through changing times. The aim of the GII is to provide insightful data on innovation and, in turn, to assist policymakers in evaluating their innovation performance and making informed innovation policy decisions.

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