HomeBharat NewsIndia Maintains 40th Position in Global Innovation Index 2023.

India Maintains 40th Position in Global Innovation Index 2023.

India’s remarkable journey in the realm of innovation continues as it maintains its 40th rank among 132 economies in the Global Innovation Index (GII) 2023, a report published by the World Intellectual Property Organization (WIPO). This achievement reflects India’s steadfast commitment to fostering innovation, a critical factor in addressing unprecedented challenges, including the global pandemic.

Over the past several years, India’s ascent in the GII rankings has been nothing short of remarkable. From a rank of 81 in 2015, the nation has steadily advanced to its current position of 40 in 2023. This consistent improvement underscores the nation’s dedication to nurturing a culture of innovation.

Several factors have contributed to India’s impressive GII ranking. The country possesses substantial knowledge capital, boasts a vibrant startup ecosystem, and benefits from the outstanding work undertaken by both public and private research organizations. Government departments, including the Department of Science and Technology, the Department of Biotechnology, the Department of Space, and the Department of Atomic Energy, alongside entities such as the Ministry of Electronics and Information Technology, the Department of Telecommunications, the Department of Agricultural Research & Education, and the Department of Health Research, have all played pivotal roles in enriching the National Innovation Ecosystem.

“One of the most influential players in expanding India’s innovation ecosystem has been the Atal Innovation Mission, which has significantly contributed to fostering a culture of innovation across the country”.

NITI Aayog, the national policy think tank, has played an essential role in ensuring policy-led innovation in various sectors such as electric vehicles, biotechnology, nanotechnology, space, and alternative energy sources. It has also been instrumental in expanding the innovation ecosystem to states and districts across the nation. NITI Aayog’s continuous efforts to monitor and evaluate India’s position in global rankings, including the GII, have been instrumental in driving progress.

The GII holds immense importance as a reliable tool for governments worldwide to assess innovation-driven social and economic changes within their countries. Over time, the GII has evolved into a crucial policy instrument, aiding governments in reflecting on their existing status quo and guiding them toward fostering innovation-led growth.

The Confederation of Indian Industry (CII) has also been a crucial partner in India’s journey towards becoming an innovation-driven economy. In 2023, NITI Aayog, in collaboration with CII and WIPO, is hosting the virtual India Launch of the GII, scheduled for September 29, 2023.

India’s consistent rise in the Global Innovation Index is a testament to the nation’s unwavering commitment to innovation, knowledge creation, and socioeconomic development. It signifies India’s readiness to embrace the challenges of the future and continue its journey toward becoming a global innovation leader.

Chesta Singh
Chesta Singhhttps://www.refersms.com/
Chesta is a dedicated and passionate journalist committed to covering news that profoundly influences our society, with a distinct focus on stories that contribute to improving our lives. Through insightful reporting and in-depth analysis, Chesta brings attention to issues that matter most to the community, shedding light on impactful events, innovations, and developments that have the potential to bring about positive change. With a keen eye for uncovering stories that inspire, inform, and empower, Chesta's work in the realm of news is not just about reporting events, but also about fostering a deeper understanding of the world around us and promoting a collective effort towards a better and more informed society.
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