New Delhi: For the first time this year, India has entered the group of top 50 countries in the 13th edition of Global Innovation Index (GII) 2020. The virtual launch of 13th edition of Global Innovation Index took place on September 2, 2020. According to the Global Innovation Index 2020, India has retained the highest rank in Central and South Asia region as it has shown a consistent improvement in its innovation ranking for the last five years.
In 2015, India was ranked 81st in the Global Index. It was 66th in 2016, 60th in 2017, 57th in 2018 and 52nd in 2019. India has made it to the Top 50 for the first time. At the same time, Switzerland, Sweden, USA, UK and Netherlands topped the annual ranking. According to the organization, India, China, the Philippines and Vietnam have been the most advanced considerably in the innovation ranking over the years. All four countries are now in the top 50 in the 2020 Global Innovation Index.
The Global Innovation Index (GII) list, 2020 was jointly released by the World Intellectual Property Organization (WIPO), Cornell University and INSEAD Business School. Accordingly, the ranking shows stability at the top, but Asian economies such as China, India, the Philippines and Vietnam, a gradual innovation, have risen significantly in this ranking over the years.
India's pace has been unprecedented in the last five years. In 2015, India was ranked 81th on this GII list. In 2016, it jumped 15 places to be at 66th place. In 2017, it again rose to 60th position with a jump of 6 places. In 2018, India climbed three more ranks to reach the 57th position. Last year, it jumped 5 places to be on 52nd position on the list. This year, the country finally reached the top 50.
World Intellectual Property Organization (WIPO) has said in a statement that Switzerland, Sweden, the United States, Britain and the Netherlands are ahead in the innovation rankings and the top 10 are dominated by high-income countries in the world. The WIPO statement has said that India has become the third most innovative low middle-income economy in the world with the highest innovation quality, reflecting newly available indicators and improvements in various sectors of the Global Innovation Index.
India ranks in the top 15 in terms of indicators like Information and Communication Technology (ICT) i.e. export of information and communication technology services, government online services, science, engineering graduates and R&D global companies. Also, a total of 131 countries was analyzed begore arriving for the rankings.
However, the NITI Ayog has also been working tirelessly to ensure optimisation of national efforts in this direction by bringing policy-led innovation in different areas which include electric vehicles, biotechnology, nanotechnology, space and alternative energy sources. India has also consistently outperformed on innovation amid coronavirus pandemic.
Also, to promote innovation and its culture in India, the government is formulating the New Education Policy 2020, which will be implemented in the long term run, as we shift gears and accelerate our efforts towards a mindset of innovation right from a young age. Meanwhile, with the call of Aatmanirbhar Bharat campaign by the Prime Minister Narendra Modi, India now aims to be in the top 25 countries in the next global innovation index rankings.