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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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