- India has been ranked 48th by the World Intellectual Property Organization in the Global Innovation Index (GII) 2020 among 131 economies, breaking into the top 50 countries for the first time.
- Moving up four positions from last year, three ‘clusters’ — Bengaluru, Delhi and Mumbai — feature in the top 100 science & technology hotspots, further endorsing India’s presence in the global innovation economy.
- High-income countries Switzerland, Sweden, the US, the UK and the Netherlands lead the innovation ranking, with a second Asian economy — South Korea — joining the top 10 for the first time.
- Singapore is ranked at the eighth position.
- The GII by the World Intellectual Property Organization (WIPO) ranks global economies according to their innovation capabilities, including roughly 80 indicators, grouped into innovation inputs and outputs.
- Together with three other economies — China, Vietnam and the Philippines — India has made the most significant progress in the GII innovation ranking over time.
- WIPO director-general Francis Gurry.
- The National Innovation Council, which promotes innovation in micro, small and medium enterprises, is also working in a variety of ways, particularly through the India Inclusive Innovation Fund, to support activities around innovation.
- India’s role in the global ICT (information & communication technology) services industry is reflected in it being ranked first in the sector’s exports.
- It also stands out for its rate of productivity growth, for which it ranks ninth globally.
September 3, 2020
Daily Current Affairs
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