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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