Global Innovation Index (GII) 2020 was recently released.
Released by: World Intellectual Property Organization (WIPO).
Key takeaways
India’s rank: 48th
India has climbed 4 spots.
With this, India ranked in the top 50 countries for the first time in the Global Innovation Index.
World’s most-innovative economies: (1) Switzerland, (2) Sweden, (3) USA, (4) UK and (5) Netherlands.
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.
India is the lower middle-income economy with the highest innovation due to universities like IIT Delhi and Bombay, IIS Bengaluru and other top scientific publications.
Do you know?
India was at the 52nd position in 2019 and was ranked 81st in the year 2015.
The WIPO had also accepted India as one of the leading innovation achievers of 2019 in the central and southern Asian region.
The 2020 edition of the GII presents the annual innovation ranking of 131 economies.
Its 80 indicators explore a broad vision of innovation, including political environment, education, infrastructure and business sophistication.
The theme of GII, 2020 – Who Will Finance Innovation?
