India has climbed to 40th position in the WIPO Global Innovation Index | So Good News
Other emerging economies are also showing consistently strong performances, including India and Turkey, both of which enter the top 40 for the first time
India has climbed 41 places in seven years to rank 40th in the Global Innovation Index (GII) of the World Intellectual Property Organization (WIPO).
Switzerland, the United States, Sweden, the United Kingdom and the Netherlands are the world’s most innovative economies, according to the 2022 GII of the World Health Organization.
Other emerging economies are also consistently showing strong performances, including India and Turkey, which both enter the top 40 for the first time.
When it comes to Central and South Asia, India leads the region and has reached the top 40 after entering the top 50 in 2020, followed by Iran (53) and Uzbekistan (82).
India is an innovation leader in the low-middle-income group, the WHO said in a statement.
It continues to lead the world in exports of ICT services and ranks high on other indicators, including the value of venture capital proceeds, financing of start-ups and large-scale companies, science and engineering graduates, labor productivity growth and domestic industry diversification, he added.
Union Commerce & Industry Minister Piyush Goyal tweeted: “India is innovating like never before! India climbs to 40th in @WIPO’s Global Innovation Index, a huge jump of 41 places in 7 years.”
Meanwhile, PM Modi tweeted, “Innovation is a buzzword in India. Proud of our innovators. We have come a long way and want to scale new heights.”