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Economic Survey 2021: Shortfall in equity, debt financing takes toll on Indian innovations

India and Brazil both rank very low in terms of equity and debt funding that goes into highly innovative projects.

January 29, 2021 / 09:33 PM IST

India and Brazil are lagging behind in their rankings with regard to equity and debt funding that goes into technology-led innovative projects, said the Economic Survey 2020-2021, released by the finance ministry on January 29.

“India and Brazil rank much below expectation for their level of equity market development in the overall GII, innovation outputs and innovation inputs amongst the top ten largest economies,” said the report.

GII stands for global innovation index.

Citing a research report, the Economic Survey said that countries which have a lot of high technology-intensive industries show higher levels of innovation backed by well-developed equity markets.