India has improved its ranking in the Global Innovation Index (GII) 2021 to 46th place among 132 economies, up from 48 in the previous year’s ranking, World Intellectual Property Organisation (WIPO) said on 20 September 2021. The index ranks world economies according to their innovation capabilities and consists of roughly 80 indicators. India’s ranking was at 52 in 2019.

What the GII said

  1. India ranks second among 34 lower middle-income group economies and first among the 10 economies in Central and Southern Asia.
  2. Relative to gross domestic product, India’s performance is above expectations for its level of development. 
  3. Graduates in science and engineering disciplines and global corporate research and development investors are India’s strengths.
  4. India has been portrayed as successful in developing sophisticated services that are technologically dynamic and can be traded internationally.
  5. It continues to lead the world in the information and communication technology services exports indicator (1) and holds top ranks in other indicators, such as domestic industry diversification (12) and graduates in science and engineering (12).
  6. lndia has improved its rank in GII from 81 in 2015 to 46 in 2021.

Why consistent Improvement

  1. The consistent improvement in the GII ranking is due to the immense knowledge capital, vibrant start-up ecosystem, and the amazing work done by public and private research organisations.
  2. Scientific wings like the Department of Atomic Energy, Department of Science and Technology, Department of Biotechnology, and the Department of Space have played a pivotal role in enriching the national innovation ecosystem.
  3. Constant thrust on monitoring and evaluating India’s position in the global rankings has been provided by the NITI Aayog.

Flashback

  1. The GII report is published by WIPO in partnership with the Portulans Institute, with support of corporate network partners, such as the Confederation of Indian Industry, Brazilian National Confederation of Industry, Ecopetrol Group (Colombia), and the Turkish Exporters Assembly.
  2. WIPO’s criteria to measure innovation cover institutions, human capital and research, infrastructure, credit, investment, linkages, creation, absorption and diffusion of knowledge and creative outputs.