India has maintained its 40th position among 132 economies in the Global Innovation Index (GII) 2023 rankings, as reported by the Geneva-based World Intellectual Property Organization. NITI Aayog, the government think tank, stated that India’s GII ranking has steadily improved over the years, progressing from 81st place in 2015 to its current 40th position. This consistent enhancement is attributed to India’s wealth of knowledge capital, a thriving startup ecosystem, and noteworthy contributions from both public and private research organizations.
The GII serves as a valuable tool for governments worldwide, enabling them to evaluate the impact of innovation on their social and economic landscapes. Over time, the GII has become an essential policy instrument for governments, aiding them in critically assessing their current standing in this regard.
