Why in the News?

India has achieved a significant milestone in the 2024 Global Innovation Index (GII) by securing the 39th position among 133 economies, highlighting its commitment to fostering a robust innovation ecosystem through strong policies, investments in research and development, and collaboration between startups and industries.

Top 5 Position Holders

• World’s most innovative economies
  
  • Switzerland
  • Sweden
  • United States
  • Singapore
  • United Kingdom
• India’s Leap over the Years: In a span of nearly a decade, India has made tremendous strides in the GII rankings, rising from the 81st position in 2015 to 39th in 2024.

Related News

• India ranks 4th globally in the World Intellectual Property Organization's (WIPO) Science & Technology (S&T) Cluster Ranking.
• Key cities like Mumbai, Delhi, Bengaluru, and Chennai are listed among the World's Top 100 S&T clusters.

About GII

• Launched: 2007
• Released By: INSEAD (a prominent business school) in collaboration with World Business (a British magazine).
• It acts as a benchmark resource that outlines global innovation trends, helping policymakers, business leaders, and others harness human creativity to enhance lives and tackle common challenges, such as climate change.