India global innovation index rank in top 50 countries

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India ranks forty eighth in global innovation index

Global Innovation Index: India is now among the many group of top 50 countries in the global innovation index for the primary time on Wednesday, shifting up 4 locations to the forty eighth rank and protecting the top place among the many nations in central and southern Asia.

According to the Global Innovation Index (GII) record, 2020 launched collectively by the World Intellectual Property Organization (WIPO), Cornell University and INSEAD Business School on Wednesday, the rankings present stability on the top however a gradual “eastward shift in the locus of innovation” as Asian economies like China, India, the Philippines and Vietnam have superior significantly in the innovation rating through the years.

Switzerland, Sweden, the US, the UK and the Netherlands lead the innovation rating, and the top 10 positions are dominated by high-income countries, WIPO mentioned in an announcement.

About India, the assertion mentioned it has grow to be the third most revolutionary decrease middle-income economic system in the world, because of newly obtainable indicators and enhancements in varied areas of the GII.

India ranks in the top 15 in indicators comparable to ICT (Information and Communication Technology) companies exports, authorities on-line companies, graduates in science and engineering, and R&D-intensive global firms.

“Thanks to universities such as the Indian Institute of Technology in Bombay and Delhi and the Indian Institute of Science in Bengaluru, and its top scientific publications, India is the lower middle-income economy with the highest innovation quality,” it mentioned.

A complete of 131 countries have been analysed underneath the GII earlier than arriving on the rankings.

The metrics embody establishments, human capital and analysis, infrastructure, market sophistication and enterprise sophistication, data and know-how outputs and artistic outputs.

(With PTI Inputs)

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