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Source: The post is based on the article “India retains 40th rank in the Global Innovation Index 2023” published in “PIB” on 28th September 2023.
What is the News?
Global Innovation Index 2023 has been published by the World Intellectual Property Organization.
What is the Global Innovation Index?
What are the key findings of Innovation Index 2023?
Source: Economic Times
Top Five countries: Switzerland, Sweden, the United States, the United Kingdom and Singapore are the world’s most innovative economies in 2023.
India: India has maintained its 40th rank in the Global Innovation Index (GII) 2023. In 2015, India stood at the 81st spot and has been rising in the past eight years.
– India ranked first among the 37 lower-middle group of income and first among the 10 economies in Central and South America.
– India holds top rankings in key indicators such as: ICT services exports (5th rank), flow of venture capital (6), graduates in science and engineering (11) and global corporate R&D investors (13).
– The areas where India needs to improve a lot are infrastructure (84th rank), business sophistication (57) and institutions (56).
