Washington, November 1: India is lagging far behind many countries when it comes to creating new innovative products and technologies, according to a new study.
It figures among the nations with lowest ranks in a new list of the world''s most innovative countries, based on the time it takes for new technologies and products to take-off.
Deepa Chandrasekaran, assistant professor of marketing at Lehigh University, and Gerard J. Tellis, a professor of Marketing at the University of Southern California''s Marshall School of Business, prepared the list was prepared on the basis of a major study that evaluated 31 countries.
They analysed 16 different product categories over a time span of 50 years.