India moves up in Global Innovation Index

30 JUL,2019 | MEDC


 

India rose five positions to become the 52nd most innovative country, according to the Global Innovation Index (GII). India’s rank has risen 29 places since 2015, and that reflects the success of both government policy and industrial practices in the country. This ranking of 126 economies was based on 80 indicators, from intellectual property filing rates to mobile-application creation, education spending, and scientific and technical publications. While India’s performance is commendable, much ground still has to be covered in the education and research sector. Only three universities from India found mention in the top 10 academic institutions in the middle-income nations. India’s share in world R&D expenditures rose since the mid-1990s, but less sharply than other middle-income nations, such as China or the Republic of Korea. With just a few policy tweaks, India can improve considerably and move up much further in such prestigious global competitiveness rankings.

*Photo Credit: Google

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