According to local media reports, Pakistan faces a lack of innovation due to low literacy rates, insufficient on-the-job training, and lack of substantial investment in education.
Among the 132 economies in 2021, the Global Innovation Index ranked Pakistan 99th. This ranking indicates that the country has a low literacy rate and lacks substantial investment in innovation in R&D and education. Pakistan is facing a lack of innovation. According to local media reports, low literacy rates, poor on-the-job training, and lack of substantial investment in education.
Among the 132 economies in 2021, the Global Innovation Index ranked Pakistan 99th, which shows that the country has a low literacy rate and lacks innovative investment in R&D and educational forms.
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Pakistan’s education expenditure is close to 2.9% of its GDP. According to The Express Tribune, it has the lowest literacy rate in South Asia and Asia as a whole.
The country’s literacy rate is 62.3%, while the female literacy rate is even lower at 51.7%.
Pakistani publications added that people with low literacy skills are inadequately prepared for the labor market, continuing education and on-the-job training.
Islamabad has also failed to make the necessary investments in innovation in the form of R&D, education, solid infrastructure, and institutional-supported innovation activities, which may improve the country’s education system.
The innovation ranking relies on 82 different indicators under seven pillars. In terms of human capital and research indicators, Pakistan ranks 117th.
Switzerland, Sweden and the United States are the top three countries in terms of innovation. Among Asian countries, Vietnam ranks 44th, India ranks 46th, and Iran ranks 60th. India ranks second among low- and middle-income economies, and first in Central and South Asia. forum.
Complete News Source : Hindustan Times
