The 12th edition of the Global Innovation Index (GII) — an annual ranking of countries in terms of their capacity for innovation and success in it has ranked India as the 52nd most innovative country globally in its 12th edition.
The 12th edition of the Global Innovation Index (GII) — an annual ranking of countries in terms of their capacity for innovation and success in it has ranked India as the 52nd most innovative country globally in its 12th edition. Published by INSEAD, Cornell University, and World Intellectual Property Organisation (WIPO), India has consistently improved its ranking in GII since 2015 when it was ranked at 81 followed by 66, 60, and 57 positions in 2016, 2017, and 2018 respectively. GII 2019 has ranked innovation performance of 120 economies globally relying on 80 indications. India, for the first time, hosted the launch of GII.
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“Innovation has become central to the government’s innovation policy. India has emerged as the most innovative economy in the Central and South Asian region. This is the biggest rise among the world’s major economies. India’s rise in 4 years from 81 in 2015 to 52 is a remarkable achievement that reflects India’s innovation performance relative to other countries,” said Naresh Prasad, Assistant Director-General & Chief of Staff, WIPO during the launch of GII on Wednesday.
“We are very pleased with the progress that we have made but we know we have a long way to go. We would like to partner with other countries and share best practices with them on innovation,” said Ramesh Abhishek, Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry.
Source: Financial Express
