India has risen two places to 46 in the World Intellectual Property Organization’s Global Innovation Index (GII) 2021. (WIPO).In recent years, the country’s ranking has steadily risen. It has decreased from 81 in 2015 to 46 in 2021.
“After breaking into the top 50 last year, India (at 46) advances ahead by two spots (48 in GII 2020). It ranks second in the lower-middle-income bracket. India ranked third in its income category in 2019 and 2020, after breaking into the top three in 2019.” According to the GII research.
It went on to say that India has been portrayed as having been successful in generating sophisticated services that are technologically innovative and can be traded on a global scale. It continues to dominate the world in the export of information and communication technology services (1) and ranks first in other metrics such as domestic industry diversification (12) and science and engineering graduates (12).
“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 NITI Aayog, it stated, has maintained a consistent focus on monitoring and reviewing India’s place in global rankings.WIPO publishes the GII report in collaboration with the Portland Institute, with the support of business network partners such as the Confederation of Indian Industry, the Brazilian National Confederation of Industry, Ecopetrol Group (Colombia), and the Turkish Exporters Assembly.
Meanwhile, praising India’s efforts, the GII report stated that selected middle-income nations, beginning with China, are transforming the innovation landscape, with Turkey, Vietnam, India, and the Philippines now playing a role.
“Beyond China, these four very large economies have the capacity to reshape the global innovation landscape for the better,” according to the research.