India moves up 2 spots to 46th rank in Global Innovation Index 2021

India moves up 2 spots to 46th rank in Global Innovation Index 2021, India excel at innovation, Global Innovation Index 2021, India has moved up two positions to 46th rank

India moves up 2 spots to 46th rank in Global Innovation Index 2021

India has moved up two positions to 46th rank on the Global Innovation Index. India has been improving its position on the index over the past couple of years.

India has improved its position on the Global Innovation Index (GII) 2021 released by the World Intellectual Property Organisation (WIPO). India has ranked 46th this year, marking an improvement from last year when it occupied the 48th position.

The country has been constantly making progress on the innovation index from 2015 when it was ranked 81st on the list. In 2020, India entered the top 50 on the list.

“India (at 46) moves further ahead, by two spots (48 in GII 2020), after making it into the top 50 last year. It takes second place in the lower-middle-income group. India held the third position in its income group in 2019 and 2020, having entered the top 3 in 2019,” the GII report said.

India excel at innovation

The report indicates that India has been successfully developing technologically dynamic services which can be offered across the globe.

It added that India has been portrayed as successful in developing sophisticated services that are technologically dynamic and can be traded internationally. It continues to lead the world in the information and communication technology services exports indicator (1) and holds top ranks in other indicators, such as domestic industry diversification (12) and graduates in science and engineering (12).

Soon after the rankings, the Centre said in an official statement the gradual improvement in the GII ranking is due to knowledge capital, a vibrant start-up ecosystem and work done by public and private research organisations.

India moves up 2 spots to 46th rank in Global Innovation Index 2021

India moves up 2 spots to 46th rank in Global Innovation Index 2021

“Scientific wings like the Department of Atomic Energy, Department of Science and Technology, Department of Biotechnology, and the Department of Space have played a pivotal role in enriching the national innovation ecosystem,” the statement said.

The GII report has been published by WIPO in collaboration with the Portulans Institute with support from corporate network partners such as the Confederation of Indian Industry, Brazilian National Confederation of Industry, Ecopetrol Group from Columbia and the Turkish Exporters Assembly.

According to the list, the world’s top innovation leaders in 2021 are Switzerland, Sweden, US, UK, Republic of Korea, Netherlands, Finland, Singapore, Denmark and Germany.

Meanwhile, lauding India’s efforts, the GII report said that selected middle-income economies are changing the innovation landscape, starting with China; Turkey, Vietnam, India, and the Philippines now pulling their weight.

“Beyond China, these four particularly large economies together have the potential to change the global innovation landscape for good,” the report added.

India’s performance in the area of science and technology (S&T) is also encouraging. The top 100 S&T clusters are hosted by 26 economies, of which six–Brazil, China, India, the Islamic Republic of Iran, Turkey and the Russian Federation–are middle-income economies, the report pointed out.

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