In a first, India enters list of top 50 countries in Global Innovation Index
New Delhi | Jagran News Desk: For the first time, India has secured a place in the list of top 50 countries in the global innovation index, moving up four slots to the 48th rank. With this, India also topped among the central and south Asian countries.
According to the Global Innovation Index (GII) list, 2020 released jointly by the World Intellectual Property Organization (WIPO), Cornell University and INSEAD Business School on Wednesday.
The new rankings show a gradual eastward shift in innovation as Asian economies like China, India, the Philippines and Vietnam have advanced considerably in the innovation ranking over the years.
According to the statement by WIPO, Switzerland, Sweden, the US, the UK and the Netherlands lead the innovation ranking and the top 10 positions are dominated by high-income countries.
Highlighting India’s increase in ranks, the WIPO said that the newly available indicators and improvements in various areas of the GII has advanced India in becoming the third most innovative lower-middle-income economy in the world
India ranks in the top 15 in indicators such as ICT (Information and Communication Technology) services exports, government online services, graduates in science and engineering, and R&D-intensive global companies.
"Thanks to universities such as the Indian Institute of Technology in Bombay and Delhi and the Indian Institute of Science in Bengaluru, and its top scientific publications, India is the lower-middle-income economy with the highest innovation quality," the statement by WIPO said.
"The consistent improvement in the global innovation index rankings is owing to the immense knowledge capital, the vibrant startup ecosystem, and the amazing work done by the public & private research organization," the statement added.
It further said bodies like the Department of Science and Technology, Department of Biotechnology and Department of Space have played a pivotal role in enriching the national innovation ecosystem.
The statement noted that NITI Aayog has been working tirelessly to ensure optimisation of national efforts in this direction by bringing policy-led innovation in different areas such as electric vehicles, biotechnology, nanotechnology, space and alternative energy sources.
"The call for Aatma Nirbhar Bharat by the Prime Minister could only be realized if India punches above its weight class and compete with global superpowers in developing scientific interventions. It is time that India brings a paradigm shift and aims to be in the top 25 countries in the next global innovation index rankings," it added.
A total of 131 countries were analysed under the GII before arriving at the rankings. The metrics include institutions, human capital and research, infrastructure, market sophistication and business sophistication, knowledge and technology outputs and creative outputs.
(With PTI Inputs)
Posted By: Talib Khan