India Jumps to 39th in Global Innovation Index 2024

September 30, 2024

India has moved up to 39th place out of 133 countries in the Global Innovation Index (GII) 2024. This shows a big improvement in how India supports innovation. Union Commerce and Industry Minister Piyush Goyal announced this news, highlighting that India is the leader in innovation in Central and Southern Asia.

Key Rankings

Global Position: 39th out of 133 countries
Regional Leadership: 1st in Central and Southern Asia
Economic Category: 1st among lower-middle-income countries
WIPO S&T Cluster Ranking: 4th place

Innovative Cities

Four Indian cities—Mumbai, Delhi, Bengaluru, and Chennai—are recognized among the World’s Top 100 Science & Technology clusters. This shows that these cities are strong centers for innovation.

India’s rise in the GII is impressive, moving up from 81st place in 2015. This significant progress shows India’s dedication to improving its innovation environment.

What is the GII?

The Global Innovation Index (GII) ranks countries by how well they can innovate. It was started in 2007 by WIPO, INSEAD, and Cornell University and looks at 81 different factors. Switzerland has often been at the top of the list because it invests a lot in research and development (R&D).

The GII is published every year and provides valuable information about different economies. It focuses on key areas like education and skills (human capital), infrastructure (like roads and buildings), and how advanced the market is.

The 2021 report noted that India is becoming an important place for innovation. The GII also helps countries work together on innovation strategies, which can influence policies worldwide.

Global Leaders in Innovation

According to the GII 2024, the top five innovative countries are Switzerland, Sweden, the US, Singapore, and the UK. China, Turkey, India, Vietnam, and the Philippines are noted as the fastest-growing countries in innovation over the past ten years.

« Previous Post Next Post »