NEW DELHI: India has ranked thirty ninth out of 133 economies within the World Innovation Index (GII) 2024, in accordance with a report by the Geneva-based World Mental Property Group. This marks an enchancment from final yr, when the nation was ranked fortieth.
“India rises to thirty ninth place amongst 133 international economies within the World Innovation Index 2024,” commerce and trade minister Piyush Goyal introduced in a put up on the social media platform X.
He mentioned that India’s innovation panorama continues to thrive, pushed by innovators and entrepreneurs. The development within the GII rating is attributed to India’s information capital, a dynamic start-up ecosystem, and the outstanding contributions of each private and non-private analysis organizations.
The index highlighted that India at the moment leads the lower-middle-income group, having outperformed on innovation for the 14th consecutive yr. In keeping with WIPO‘s World Innovation Index (GII) 2024, the world’s most modern economies embrace Switzerland, Sweden, america, Singapore, and the UK. In the meantime, China, Türkiye, India, Vietnam, and the Philippines are the quickest climbers over the previous decade.
Within the GII rating of over 130 economies, China reached the eleventh place and stays the one middle-income economic system within the prime 30.
The GII is well known as a dependable software to evaluate innovation-driven social and financial transformations, guiding policymakers, enterprise leaders, and others in harnessing human ingenuity to handle international challenges like local weather change.
“In Central and Southern Asia, India (thirty ninth) continues to guide, advancing by one spot. The Islamic Republic of Iran (sixty fourth, down by two locations) follows, with Kazakhstan (78th) in third place. Uzbekistan (83rd) retains its 4th place inside the area.”
The index additionally highlighted India’s strengths in key indicators, akin to ICT providers exports (ranked 1st globally), enterprise capital acquired, and intangible asset depth. India’s unicorn firms have helped safe the nation the eighth rank globally.
