India climbs two spots to rank Forty sixth within the International Innovation Index 2021

India climbs two spots to rank Forty sixth within the International Innovation Index 2021

India has climbed two spots to 46 within the International Innovation Index (GII) 2021 ready by the World Mental Property Group (WIPO).

The nation’s rank has been constantly rising in the previous few years. From 81 in 2015, it has moved to 46 in 2021.

“India (at 46) strikes additional forward, by two spots (48 in GII 2020), after making it into the highest 50 final yr. It takes second place within the decrease middle-income group. India held the third place in its earnings group in 2019 and 2020, having entered the highest three in 2019,” the GII report stated.

It added that India has been portrayed as profitable in growing refined companies which might be technologically dynamic and might be traded internationally. It continues to guide the world within the info and communication expertise companies exports indicator (1) and holds prime ranks in different indicators, akin to home business diversification (12) and graduates in science and engineering (12).

The Centre in an official assertion stated that the constant enchancment within the GII rating is as a result of immense information capital, vibrant start-up ecosystem, and the superb work achieved by private and non-private analysis organisations.

“Scientific wings just like the Division of Atomic Power, Division of Science and Expertise, Division of Biotechnology, and the Division of House have performed a pivotal function in enriching the nationwide innovation ecosystem,” the assertion stated.

It added {that a} fixed thrust on monitoring and evaluating India’s place within the international rankings has been supplied by the NITI Aayog.

The GII report is printed by WIPO in partnership with the Portulans Institute, with help of company community companions, such because the Confederation of Indian Business, Brazilian Nationwide Confederation of Business, Ecopetrol Group (Colombia), and the Turkish Exporters Meeting.

In the meantime, lauding India’s efforts, the GII report stated that chosen middle-income economies are altering the innovation panorama, beginning with China; Turkey, Vietnam, India, and the Philippines now pulling their weight.

“Past China, these 4 notably massive economies collectively have the potential to vary the worldwide innovation panorama for good,” the report added.

Expensive Reader,

Enterprise Normal has at all times strived arduous to supply up-to-date info and commentary on developments which might be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on how you can enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough instances arising out of Covid-19, we proceed to stay dedicated to holding you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nevertheless, have a request.

As we battle the financial affect of the pandemic, we’d like your help much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from a lot of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We consider in free, honest and credible journalism. Your help by extra subscriptions may help us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Enterprise Normal.

Digital Editor sixth-in-the-global-innovation-index-2021-121092001312_1.html