World Innovation Index: India is now among the many high 50 international locations within the international innovation index for the primary time, transferring up 4 locations to the 48th rank and holding the highest place among the many nations in central and southern Asia.
In accordance with the World Innovation Index (GII) listing, 2020 launched collectively by the World Mental Property Group (WIPO), Cornell College and INSEAD Enterprise Faculty on Wednesday, the rankings present stability on the high however a gradual “eastward shift within the locus of innovation” as Asian economies like China, India, the Philippines and Vietnam have superior significantly within the innovation rating over time.
Switzerland, Sweden, the US, the UK and the Netherlands lead the innovation rating, and the highest 10 positions are dominated by high-income international locations, WIPO stated in a press release.
About India, the assertion stated it has turn into the third most progressive decrease middle-income economic system on this planet, due to newly obtainable indicators and enhancements in numerous areas of the GII.
India ranks within the high 15 in indicators akin to ICT (Info and Communication Know-how) companies exports, authorities on-line companies, graduates in science and engineering, and R&D-intensive international firms.
“Because of universities such because the Indian Institute of Know-how in Bombay and Delhi and the Indian Institute of Science in Bengaluru, and its high scientific publications, India is the decrease middle-income economic system with the best innovation high quality,” it stated.
A complete of 131 international locations had been analysed beneath the GII earlier than arriving on the rankings.
India Scales Excessive on Innovation: Marching forward at an unprecedented tempo, India breaks into High 50 in @WIPO‘s World Innovation Index, with a rank of 48.
— Piyush Goyal (@PiyushGoyal) September 2, 2020
The metrics embody establishments, human capital and analysis, infrastructure, market sophistication and enterprise sophistication, data and expertise outputs and inventive outputs.
(With PTI Inputs)