Global Innovation Index 2020: India Ranks In Top 50 Countries For 1st Time

• 03 Sep 2020

• The 2020 edition of the Global Innovation Index (GII) presents the latest global innovation trends and the annual innovation ranking of 131 economies.
• The index is compiled by World Intellectual Property Organisation (WIPO) and released on 2^nd September 2020.
• The theme of this year's GII - Who Will Finance Innovation? - is timely given the human and global economic damage wreaked by the COVID-19 global pandemic.

India on GII 2020

• India jumped four positions to rank at 48th since 2019 and for the first time ranked in the top 50 countries.
• Moving up four positions since last year, India became the third most innovative lower middle economy in the world.
• The jump can be attributed to newly available indicators and improvements in various areas of GII.
• India ranks in the top 15 in indicators such as ICT services exports, government online services, graduates in science and engineering and R&D-intensive global companies.
• The report added that due to universities like IIT Delhi and Bombay, IIS Bengaluru and other top scientific publications, India is the lower middle-income economy with the highest innovation.