The ability to think, innovate and imagine makes a person creative, but what makes a country creative? According to a new study by Martin Prosperity Institute (MPI), it's the 3T's-talent, technology and tolerance.

The study was compiled by the MPI at the University of Toronto with an aim to decide which of the 196 countries of the world is the most creative. The MPI researchers have dubbed the Global Creativity Index (GCI) and have defined the creativity as the 3T's: talent, technology, and tolerance.

In order to obtain the rankings, the researchers have analysed 139 countries. Overall creativity has been determined by each country's ranking on the basis of talent, technology and tolerance.

Source: martinprosperity.org

Technology rankings are based on investment levels in research, development and how many patent applications per capita each country had.

Talent rankings were evaluated by using a composite of the percentage of adults who owned an advanced degree, as well as the percentage of the workforce that had jobs in the 'creative industry'.

Tolerance rankings were found based on how each country treated their immigrants, the diversity of the racial and ethnic minorities, and how many LGBT residents were in each country.

The study says that Australia was found to be the most creative, with a global ranking of 1 in talent, 4 in tolerance, and 7 in technology. The US was ranked second while being 3rd in talent, 4th in technology and 11th in tolerance. New Zealand came in 3rd, as it was 3rd in tolerance, 7th in tech, and 8th in talent.

India's rank is pretty bad in all the three T's. In the global technology India is at 71st and in the innovations our country stand at 52nd. Similarly in global talent, we stand at the rank of 92nd. In tolerance, which includes the racial and ethnic tolerance India has been placed at 92.

Source: martinprosperity.org

"The GCI is closely associated with key measures of economic and social progress. Nations that score highly on the GCI have higher levels of economic output, entrepreneurship, economic competitiveness, and overall human development," the report reads.

It adds, "Creativity is also closely associated with urbanization, with more urbanised nations scoring higher on the GCI."

As they say higher levels of global creativity are associated with lower levels of inequality."