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Global Innovation Index 2020: India Ranks In Top 50 Countries For 1st Time

  • 03 Sep 2020

  • The 2020 edition of the Global Innovation Index (GII) presents the latest global innovation trends and the annual innovation ranking of 131 economies.
  • The index is compiled by World Intellectual Property Organisation (WIPO) and released on 2nd September 2020.
  • The theme of this year's GII - Who Will Finance Innovation? - is timely given the human and global economic damage wreaked by the COVID-19 global pandemic.

India on GII 2020

  • India jumped four positions to rank at 48th since 2019 and for the first time ranked in the top 50 countries.
  • Moving up four positions since last year, India became the third most innovative lower middle economy in the world.
  • The jump can be attributed to newly available indicators and improvements in various areas of GII.
  • India ranks in the top 15 in indicators such as ICT services exports, government online services, graduates in science and engineering and R&D-intensive global companies.
  • The report added that due to universities like IIT Delhi and Bombay, IIS Bengaluru and other top scientific publications, India is the lower middle-income economy with the highest innovation.