India improved its rank in the Global Innovation Index to 52nd, in 2019, making a significant jump of 5 places in a year. It was at 57th position in 2018.
The Index ranks innovative performances of 129 economies around the world on 80 indicators including political environment, education, infrastructure and business sophistication.
India has been performing well in terms of innovation and newly-emerging technologies and has fared its position by 29 places in the global index since 2015.
Switzerland retained its number-one spot on the index. The GII 2019 was released by Commerce and Industry Minister Piyush Goyal in New Delhi today.
Addressing the gathering, Mr Goyal said, India has made a significant jump in the innovation index. He said, the culture of innovation is taking the centre stage in the country.
The Minister assured that the government will not rest until India achieves its target of coming in the top 25 ranks of Global Innovation Index, and then making into the top 10 ranks.
This is for the first time that the GII was launched in an emerging economy.
The GII is considered as a charter for assessing the innovation capabilities of national economies worldwide.
The theme this year is Creating Healthy Lives – The Future of Medical Innovation, which aims to explore the role of medical innovation as it shapes the future of healthcare.
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