India Climbs to 39th Rank in Global Innovation Index 2024

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