India Climbs Two Spots On Global Innovation Index by World Intellectual Property Organization and is now on the 46th rank. Over the last decade, India has been on a rising trajectory, moving from rank 81 in 2015 to 46 in 2021 in the Global Innovation Index (GII).
WIPO ranks 132 countries on their innovation ecosystems based on 81 indicators, including human capital and research, infra, institutions, business sophistication, market sophistication, knowledge, technology, and creative outputs. India leads the Central and Southern Asia region and also ranks 2nd in the lower-middle-income group.
The consistent improvement in India’s GII 2021 ranking is because of the vibrant start-up ecosystem, immense knowledge capital, and commendable work by the public and private research organizations. The Scientific Departments like the Department of Science and Technology, the Department of Space, the Department of Biotechnology, and the Department of Atomic Energy have played a pivotal role in enriching the National Innovation Ecosystem.
The NITI Aayog has been working to optimize the national efforts for bringing policy-led innovation into various industries, such as electric vehicles, space, biotechnology, nanotechnology, alternative energy sources, etc. Along with GII, the NITI Aayog played a significant role in monitoring and evaluating India’s global rankings.
The Confederation of Indian Industry (CII) has also been a torchbearer of India’s journey towards an innovation-driven economy. On September 21-22,2021, the NITI Aayog will virtually host the India Launch of the GII and the Global Innovation Conclave in partnership with the CII and the World Intellectual Property Organisation (WIPO).
“As we progress further towards saving lives and livelihoods and shaping the national economic growth trajectory, the GII-2021 will be a significant reference point for all the countries to assess their innovation capabilities and readiness, which will go a long way in boosting economic recovery,” said Niti Aayog.
In a public release, Niti Aayog stated the GII is the fulcrum for governments worldwide to assess their respective country’s social and economic changes. Over the years, the GII has become a policy tool for various governments, helping them to reflect upon the existing status quo.