India ranked 57th most innovative nation in 11th edition of Global Innovation Index

India has been ranked 57th most innovative nation among 130 countries in the 11th edition of Global Innovation Index (GII-2018), which is developed jointly by Cornell University, INSEAD and the World Intellectual Property Organisation (WIPO). GII is a leading bench-marking tool for business executives, policymakers and others seeking insight into the state of innovation around the world. The ranking is constantly being used to evaluate progress on a continual basis. The GII ranks 126 economies based on 80 indicators. It is now in its 11th edition and has become a major input for policymakers on innovation around the world. On the global front, Switzerland maintained its number one position in the Global Innovation Index rankings. Other countries that fell in the top 10 list were Netherlands, Sweden, the UK, the US, Finland, Denmark, and Germany.