India has joined the group of top 50 countries in the global innovation index for the first time, moving up four places to the 48th rank and keeping the top position among the nations in central and southern Asia. Also Read – India Ranks 48th in Global Innovation Index
According to the Global Innovation Index (GII) list, 2020 released jointly by the World Intellectual Property Organization (WIPO), Cornell University and INSEAD Business School on Wednesday, the rankings show stability at the top but a gradual “eastward shift in the locus of innovation” as Asian economies like China, India, the Philippines and Vietnam have advanced considerably in the innovation ranking over the years. Also Read – Fresh Border Provocation: India-China 3rd Brigade Commander-level Talks Today | All You Need to Know
About India, the statement said it has become the third most innovative lower-middle-income economy in the world, thanks to newly available indicators and improvements in various areas of the GII. Also Read – Ladakh Flare-up: ‘China Bullying Its Neighbours,’ Says US State Dept, Hopes For Peaceful Resolution
India ranks in the top 15 in indicators such as ICT (Information and Communication Technology) services exports, government online services, graduates in science and engineering, and R&D-intensive global companies.
“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 said.
A total of 131 countries were analysed under the GII before arriving at the rankings.
