India Ranks 48th In Global Innovation Index.
India has joined the cluster of high fifty countries within the international innovation index for the primary time, moving up four places to the forty-eighth rank and keeping the highest position among the nations in central and southern Asia.
According to the worldwide Innovation Index (GII) list, 2020 discharged together by the planet material possession Organization (WIPO), university and INSEAD graduate school on Wednesday, the rankings show stability at the highest however a gradual "eastward shift within the locus of innovation" as Asian economies like China, India, the Philippines, and Vietnam have advanced significantly within the innovation ranking over the years.
Switzerland, Sweden, the US, the united kingdom, and the European nation lead the innovation ranking, and therefore the high ten positions area unit dominated by high-income countries, WIPO aforesaid in a very statement.
About Asian country, the statement aforesaid it's become the third most innovative lower-middle-income economy within the world, because of freshly obtainable indicators and enhancements in numerous areas of the GII.
India ranks within the high fifteen in indicators like ICT (Information and Communication Technology) services exports, government on-line services, graduates in science and engineering, and R&D-intensive international firms.
"Thanks to universities like the Indian Institute of Technology in Mumbai and Delhi and therefore the Indian Institute of Science in Bengaluru, and its high scientific publications, the Asian country is that the lower-middle-income economy with the very best innovation quality," it said.
The metrics embrace establishments, human capital and analysis, infrastructure, market sophistication, and business sophistication, data and technology outputs and inventive outputs.
Meanwhile, a political candidate statement aforesaid WIPO had conjointly accepted Asian country united of the leading innovation achievers of 2019 within the central and southern Asian region, because it has shown a standardized improvement in its innovation ranking for the last 5 years.
"The consistent improvement within the international innovation index rankings is due to the large data capital, the colorful startup system, and therefore the wonderful work done by the general public & personal analysis organization," the statement aforesaid.
It additional aforesaid bodies just like the Department of Science and Technology, Department of Biotechnology, and Department of the house have vied a crucial role in enriching the national innovation system.
The statement noted that NITI Aayog has been operating inexhaustibly to make sure optimization of national efforts during this direction by transportation policy-led innovation in several areas like electrical vehicles, biotechnology, technology, house, and energy sources.
The Asian country Innovation Index, that was discharged last year by NITI Aayog, has been widely accepted as a significant step within the direction of the spread of innovation across all states of the country, it said.
"The require Aatma of Asian country by the? Prime Minister might solely be realized if India punches higher than its weight category and contend with international superpowers in developing scientific interventions.
"It is time that Asian country brings a paradigm shift and aims to be within the high twenty-five countries within the next international innovation index rankings," it added.