Sweden Current Affairs - 2019
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India and Sweden signed a security protection agreement that will enable the two countries to share classified information with each other. The agreement was signed during the visit of the Indian Defence Minister Nirmala Sitharaman to Sweden.
About the Agreement
Sweden has similar agreements with over 30 countries around the world, as well as with the EU and NATO. The salient features of the agreement are:
- The agreement will regulate how sensitive information is to be handled, processed and protected.
- The pact will provide a framework for greater cooperation on the high end and cutting edge technology and manufacturing.
Indian has proposed dialogue to enable a greater understanding of the successful model of collaboration between government, industry and academia in building technologically advance ecosystem.
India also thanked Swedish PM Lofven for his support to India’s bid for the permanent seat in the United Nation Security Council (UNSC) and the multilateral export control regime–Missile Technology Control Regime (MTCR)
India Sweden Ties
Sweden is a Scandinavian country with capital at Stockholm and currency Swedish krona.
In April 2018, Prime Minister Narendra Modi had visited Stockholm and had held a meeting with his Swedish counterpart Stefan Lofven. Both the leaders agreed to enhance the cooperation in the field of defence, cyber-security and innovation. PM Lofven with his delegation had participated in the ‘Make in India’ programme in 2016.
The Bloomberg Innovation Index analyses each country in a range of areas including education, research and development, and manufacturing before coming up with a list of the 60 most innovative countries.
The countries are ranked on the basis of their overall ability to innovate considering seven-equal weighted metrics such as research & development intensity, manufacturing value-added, productivity, high-tech density, tertiary efficiency, researcher concentration, patent activity.
How the Countries are ranked?
The ranking of the various countries under the index are:
- The index is topped by South Korea for the sixth time in a row with a total score of 87.38.
- South Korea is closely followed by Germany, Finland, Switzerland, Israel, Singapore, Sweden, U.S., Japan and France in the top 10.
- The United States has surged back into top 10 this year after it was left behind from the top 10 in 2018 Bloomberg Innovation index.
- China has jumped three places to 16th rank largely due to the surge in patent activity.
- India stands at 54th spot in the Bloomberg Innovation Index with a score of 47.93 out of 100.
India’s ranking under different matrices
India stood at 47th place in research & development intensity, 54th place in manufacturing value-added, 58th place in productivity, 29th place in high-tech density, 51st in tertiary efficiency, 59th in researcher concentration and 36th in patent activity.
Bloomberg Innovation Index published top 60 economies out of 95 economies analysed for the ranking process for the year 2019 based on a score from 0-100 on the basis of seven equal-weighted metrics.
Tags: Bloomberg Innovation Index • Bloomberg Innovation Index 2019 • China • Finland • France • Germany • India • Israel • Japan • Patent • research & development • Singapore • South Korea • Sweden • Switzerland • U.S.