India has moved up to 39th place among 133 global economies in the Global Innovation Index (GII) 2024. Union Minister Piyush Goyal announced that India ranks 1st among 10 economies in Central and Southern Asia, and also among lower-middle-income economies. India ranks 4th in the World Intellectual Property Organization (WIPO) Science & Technology Cluster Ranking, with cities like Mumbai, Delhi, Bengaluru, and Chennai listed among the world’s top 100 clusters.
India’s rise is significant, as it was ranked 81st in 2015. The GII evaluates innovation in 133 countries and tracks global trends, helping governments assess their innovation performance. The top five most innovative countries in 2024 are Switzerland, Sweden, the US, Singapore, and the UK.
The Global Innovation Index (GII), which started in 2007 by INSEAD, a business school, and World Business, a British magazine, provides a comprehensive measure of global innovation.
