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Current Affairs-Topics
India Climbs to 39th Rank in Global Innovation Index 2024
|
India's performance in the Global Innovation Index 2024 improved by 42 positions since 2015, ranking 39th out of 133 economies. The country is the top-ranked country in Central and Southern Asia and has improved in innovation input and output. |
India's Performance in GII 2024
- India ranked 39th out of 133 economies in Global Innovation Index 2024, up from 40th last year
- Improved by 42 positions since 2015 (from 81st to 39th)
- Ranked 1st among 10 economies in Central and Southern Asia
- Top-ranked country in the lower-middle-income group
- Improved to 44th in Innovation Input and 33rd in Innovation Output
- Ranked 7th globally in intangible asset intensity
- 8th rank globally for unicorn companies
Global Innovation Index Overview
- Published annually by World Intellectual Property Organization (WIPO) since 2007
- 17th edition released on September 26, 2024
- Evaluates 133 countries and top 100 science and technology clusters
- Uses about 80 indicators across four parameters: science and innovation investment, technological progress, technology adoption, and socioeconomic impact
- Switzerland maintained top position for the 14th consecutive year
- Top 5 Countries: Switzerland, Sweden, United States, United Kingdom, Singapore
India's Strengths and Sector-Specific Progress
- Strong performance in ICT services exports (ranked 1st globally)
- High rankings in venture capital received and intangible asset intensity
- Significant progress in sanitation and electromobility
- Electric car sales tripled in 2022, driven by companies like Tata Motors and government incentives
- Thriving innovation ecosystem powered by entrepreneurs, startups, and public-private partnerships
- Consistent improvement attributed to knowledge capital and vibrant startup ecosystem
Indian Science and Technology Clusters
- Four Indian clusters in the top 100 Science and Technology Clusters globally
- Bengaluru highest at 56th place
- Followed by Delhi (63rd), Chennai (82nd), and Mumbai (84th)
- Samsung Electronics in Bengaluru and Indian Institute of Science (IISC)-Bangalore in top 100
- India ranked 4th in WIPO's Science & Technology Cluster Rankings
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