India ranks in top 50 countries for 1st time in Global Innovation Index
India ranked in the top 50 countries for the first time in the Global Innovation Index, which was released today. India jumped four positions to rank at 48th since 2019. The index compiled by World Intellectual Property Index (WIPO) presented the latest global trends and annual innovation ranking for 131 countries.
Moving up four positions since last year, India became the third most innovative lower middle economy in the world. According to the report jump can be attributed to newly available indicators and improvements in various areas of the GII. India ranks in the top 15 in indicators such as ICT services exports, government online services, graduates in science and engineering and R&D-intensive global companies.
The report added that due to universities like IIT Delhi and Bombay, IIS Bengaluru and other top scientific publications, India is the lower middle-income economy with the highest innovation.