India has joined the group of top 50 countries within the global innovation index for the primary time, moving up four places to the 48th rank and keeping the highest position among the nations in central and southern Asia.
According to the worldwide Innovation Index (GII) list, 2020 released jointly by the planet property Organization (WIPO), Cornell University and INSEAD graduate school on Wednesday, the rankings show stability at the highest but a gradual “eastward shift within the locus of innovation” as Asian economies like China, India, the Philippines and Vietnam have advanced considerably within the innovation ranking over the years.
Switzerland, Sweden, the US, the united kingdom and therefore the Netherlands lead the innovation ranking, and therefore the top 10 positions are dominated by high-income countries, WIPO said during a statement.
About India, the statement said it’s become the third most innovative lower middle-income economy within the world, because of newly available indicators and enhancements in various areas of the GII.
India ranks within the top 15 in indicators like ICT (Information and Communication Technology) services exports, government online services, graduates in science and engineering, and R&D-intensive global companies.
“Thanks to universities like the Indian Institute of Technology in Bombay and Delhi and therefore the Indian Institute of Science in Bengaluru, and its top scientific publications, India is that the lower middle-income economy with the very best innovation quality,” it said.
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 artistic outputs.
Meanwhile, a politician statement said WIPO had also accepted India together of the leading innovation achievers of 2019 within the central and southern Asian region, because it has shown a uniform improvement in its innovation ranking for the last five years.
“The consistent improvement within the global innovation index rankings is due to the immense knowledge capital, the colourful startup ecosystem, and therefore the amazing work done by the general public & private research organization,” the statement said.
It further said bodies just like the Department of Science and Technology, Department of Biotechnology and Department of Space have played a pivotal role in enriching the national innovation ecosystem.
