GS Paper - III
India has ascended 42 positions in the Global Innovation Index (GII) since 2015 and now ranks 39th out of 133 economies evaluated. The latest GII report released on 27 September 2024, showed India's remarkable progress in fostering an innovative ecosystem.
More about the Report
- The index, which assesses various factors contributing to innovation, has placed India at the top among the 38 lower-middle-income economies.
- This achievement underscores India's growing influence in the global innovation landscape, particularly among developing nations.
- Union Minister Piyush Goyal attributed this success to the country's leadership and focus on innovation.
- The report also recognises India's regional dominance, ranking it first among 10 economies in Central and Southern Asia.
- Additionally, India has secured the fourth position in the World Intellectual Property Organisation (WIPO) Science and Technology (S&T) Cluster Ranking, the report added.
- Several Indian cities, including Mumbai, Delhi, Bengaluru, and Chennai, have been listed among the world's top 100 S&T clusters, cementing India's position as a hub for research and technological advancement.
- India also ranks seventh globally in intangible asset intensity, reflecting its strength in non-physical assets such as patents and trademarks, which are crucial drivers of innovation.
- This progress in the GII rankings demonstrates India's commitment to fostering innovation and its growing impact on the global stage.
