India in Top 50 in Global Innovation Index
For the first time, India has secured a place in the list of top 50 countries in the global innovation index, moving up four slots to the 48th rank. With this, India also topped among the central and south Asian countries. 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. The Global Innovation Index (GII) list, 2020 is released jointly by the World Intellectual Property Organization (WIPO), Cornell University and INSEAD Business School on Wednesday. The new rankings show a gradual eastward shift in innovation as Asian economies like China, India, the Philippines and Vietnam have advanced considerably in the innovation ranking over the years. Switzerland, Sweden, the US, the UK and the Netherlands lead the innovation ranking and the top 10 positions are dominated by high-income countries. Highlighting India’s increase in ranks, the WIPO said that the newly available indicators and improvements in various areas of the GII has advanced India in becoming the third most innovative lower-middle-income economy in the world A total of 131 countries were analysed under the GII before arriving at the rankings. The metrics include institutions, human capital and research, infrastructure, market sophistication and business sophistication, knowledge and technology outputs and creative outputs.
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