Global Innovation Index Highlights India's Progress to 39th Rank
India's Rise in the Global Innovation Index
The Global Innovation Index 2024 report confirms India's ascent to the 39th rank out of 133 global economies, moving up from 40th place last year. This achievement solidifies India's position as a dominant force in Central and Southern Asia and in the lower-middle-income category.
Understanding the Global Innovation Index
The consistent improvement in India's ranking is attributed to its knowledge capital, a vibrant startup ecosystem, and the collaboration between public and private research organizations. The GII serves as an essential tool for countries analyzing innovation-driven economic changes.
- Top Economies: Switzerland, Sweden, the USA, Singapore, and the UK are leading in global innovation.
- Fast Climbers: China, Türkiye, India, Viet Nam, and the Philippines are recognized for their rapid advancements over the past decade.
India's Strong Performance and Key Indicators
India excels in various innovation metrics, ranking 1st globally for ICT services exports and 8th for unicorn enterprises. Noteworthy science and technology clusters such as Samsung Electronics in Bengaluru contribute to this success.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.