India jumps 5 places to 52nd in global innovation index

New Delhi, July 24

India improved its rank by five places to stand at 52nd in an index of the world’s most innovative economies and maintained its position as the top exporter of IT services, according to a report released today.

The country’s three cities — Bengaluru, Mumbai and New Delhi —also featured in the world’s top 100 science and technology clusters, according to the Global Innovation Index (GII) 2019.

The GII ranks 129 economies based on 80 indicators, ranging from intellectual property filing rates to mobile-application creation, education spending and scientific and technical publications.

Switzerland retained its number-one spot on the GII rankings. It was followed by Sweden, the US, the Netherlands, the UK, Finland, Denmark, Singapore, Germany and Israel in the top 10 places.

Commerce and Industry Minister Piyush Goyal released the GII rankings here. Goyal said the government is committed to further improving the ranking as innovation is key for the country’s economic growth. “I assure you that going forward, the country will not rest until we achieve the target of coming in the top 25th and then in top 10th in the world.” India maintained its top place in the Central and Southern Asia region.

The country improved its position the most in certain pillars, including labour productivity growth, knowledge and technology outputs, intellectual property-related variables. It also witnessed improvement in institutions, human capital and research, and market sophistication indicators. — PTI

Switzerland No.1 

• Bengaluru, Mumbai and New Delhi also featured in the world’s top 100 science and technology clusters
• The GII ranks 129 economies based on 80 indicators, ranging from intellectual property filing rates to mobile-application creation, education spending and scientific and technical publications
• Switzerland retained its No. 1 spot on the GII rankings. It was followed by Sweden, the US, the Netherlands, the UK, Finland, Denmark, Singapore, Germany and Israel in the top 10 places