New Delhi: India secured 40th rank out of 132 economies in the Global Innovation Index 2023 rankings published by the World Intellectual Property Organisation (WIPO) on Thursday.
Amongst them, Switzerland topped the list followed by Sweden and United States of America while United Kingdom bagged the fourth position followed by Singapore and others.
According to the report, China, the sole middle-income economy within the top 30 is now ranked 12th while Japan is 13th. India was also highlighted as the top innovation economy among the lower-middle-income countries, followed by Vietnam and Ukraine.
Amongst them, Switzerland topped the list followed by Sweden and United States of America while United Kingdom bagged the fourth position followed by Singapore and others. According to the report, China, the sole middle-income economy within the top 30 is now ranked 12th while Japan is 13th. India was also highlighted as the top innovation economy among the lower-middle-income countries, followed by Vietnam and Ukraine.
The GII 2023 uses 80 indicators to track global innovation trends and ranks these 132 countries on the basis of their innovation capabilities. In the last few years, India has witnessed a tremendous improvement in this ranking with a rank of 81 in 2015 to 40 in 2023, manifesting India’s growth.This year, the report’s findings are released against a background of slow economic recovery from the Covid-19 pandemic, high interest rates and geopolitical conflict.
