The Worldâ€™s Most Innovative Countries 2014 | INSEAD Knowledge India is ranked 76th most innovative country. Huge amount of engineers graduate but they cannot innovate. Country without own capability to produce innovations is in danger to stagnate. Should India restructure the whole school system. There is help available to achieve better results. Among the â€œinnovation learnersâ€, those outperforming their peers from their respective income groups, we see spectacular progress for Russia moving up 13 places to 49 and China, moving up by 6 places to reach 29 , which makes China comparable to many high-income economies. India slipped 10 places to 76 this year.