India’s standing in the Global Innovation Index (GII) has seen a significant enhancement, reflecting its growing commitment to innovation. The following sections detail India’s current position, achievements, and the implications of this progress.
Improved Ranking
According to the Global Innovation Index (GII) 2024, India is now ranked 39th out of 133 economies, a notable leap from its 81st position in 2015. Over the past nine years, India has improved its ranking by 42 positions. This index assesses the innovation performance of various countries, highlighting their strengths and weaknesses in fostering innovation.
Top Position Among Lower-Middle-Income Economies
One of the most significant achievements for India is its status as the top-ranked country among 38 lower-middle-income economies. This recognition showcases India’s leadership in innovation, particularly in the developing world, and emphasizes its role as a catalyst for technological and economic advancement.
Contributions from Leadership
Union Minister Piyush Goyal attributed this remarkable progress to the decisive leadership of Prime Minister Narendra Modi and the government’s focus on creating a conducive environment for innovation. In a recent post on social media platform X, the minister highlighted several milestones:
- 1st among 10 economies in Central & Southern Asia
- 1st among lower-middle-income economies
- 4th in the World Intellectual Property Organization (WIPO) Science & Technology (S&T) Cluster Ranking
Regional Dominance in Innovation
India has further established its dominance in the region by securing the 1st position among the ten economies in Central and Southern Asia. Additionally, the country is ranked 4th in the WIPO S&T Cluster Ranking, underscoring its strength in science and technology.
Major Cities as Innovation Hubs
Several major Indian cities, including Mumbai, Delhi, Bengaluru, and Chennai, are recognized among the world’s top 100 S&T clusters. These cities are pivotal for research, development, and technological advancements, playing a crucial role in India’s innovation landscape.
Global Standing in Intangible Assets
India has also achieved the 7th rank globally in intangible asset intensity. This metric evaluates the strength of non-physical assets, such as patents and trademarks, which are critical for driving innovation and economic growth.
Role of Innovators and Entrepreneurs
Indian innovators and entrepreneurs are transforming the nation’s innovation landscape, positioning India as a global leader in several key areas of technological development and research. Their contributions are essential to fostering a robust environment for innovation.
Multiple-Choice Questions (MCQs):
- What is India’s current ranking in the Global Innovation Index (GII) 2024?
- A) 39th
- B) 81st
- C) 42nd
- D) 10th
Answer: A) 39th
- How many positions has India improved in the Global Innovation Index over the last nine years?
- A) 10 positions
- B) 25 positions
- C) 42 positions
- D) 15 positions
Answer: C) 42 positions
- Which country is ranked 1st among lower-middle-income economies in the Global Innovation Index?
- A) China
- B) India
- C) Brazil
- D) Indonesia
Answer: B) India
- What position did India achieve in the WIPO Science & Technology (S&T) Cluster Ranking?
- A) 1st
- B) 4th
- C) 7th
- D) 10th
Answer: B) 4th
- Which major Indian cities are listed among the world’s top 100 S&T clusters?
- A) Mumbai, Kolkata, and Chennai
- B) Delhi, Bengaluru, and Chennai
- C) Delhi, Hyderabad, and Pune
- D) Mumbai, Delhi, Bengaluru, and Chennai
Answer: D) Mumbai, Delhi, Bengaluru, and Chennai
- What rank does India hold globally in intangible asset intensity?
- A) 1st
- B) 4th
- C) 7th
- D) 10th
Answer: C) 7th