India continues its upward trend in innovation, ranking 40th out of 132 economies in the Global Innovation Index (GII) 2023 ranking released by the World Intellectual Property Organization (WIPO). This achievement reflects the nation’s commitment to fostering innovation and highlights its potential as a global innovation hub.
Over the past several years, India has made remarkable progress in the GII rankings, steadily climbing from 81st position in 2015 to 40th position in 2023. This remarkable climb indicates the country’s dedication to innovation, which is a key factor in overcoming unprecedented challenges. Through the ongoing pandemic, and in line with the Prime Minister’s vision of an “Atma Nirbhar Bharat” or self-reliant India.
Government departments, including the Department of Science and Technology, the Department of Biotechnology, the Department of Space, and the Department of Atomic Energy, and institutions such as the Ministry of Electronics and Information Technology, the Department of Telecommunications, the Department of Agricultural Research. and education, and the Department of Health Research has played an important role in strengthening the national innovation ecosystem. Atal Innovation Mission has also played an important role in expanding this ecosystem.
NITI Aayog, the National Institution for Transforming India, is instrumental in driving national efforts towards policy-led innovation in various domains including electric vehicles, biotechnology, nanotechnology, space and alternative energy sources. He has also worked tirelessly to promote innovation at the state and district levels. Niti Aayog’s continuous monitoring and evaluation has been crucial in assessing India’s position in global rankings, including the GII.
The Global Innovation Index serves as a reliable tool for governments around the world to assess the impact of innovation on their respective societies and economies. Over the years, the GII has become an essential policy tool for governments, helping them reflect on their current innovation landscape and make informed decisions for the future.
The Confederation of Indian Industry (CII) has been a valuable partner in India’s journey towards becoming an innovation-driven economy. This year, in collaboration with CII and WIPO, NITI Aayog will virtually host the India launch of GII 2023 on September 29, 2023.
The launch event will be attended by distinguished dignitaries, including Summon Berry, Vice Chairman, NITI Aayog; Dr VK Saraswat, Member, NITI Aayog; BVR Subrahmanyam, Chief Executive Officer, NITI Aayog; Mr Darren Tang, Director General, WIPO; Dr. Sacha Wunsch-Vincent, Co-Editor GII and Head, Economics and Statistics Division, WIPO, and many others.
India’s continued growth in the Global Innovation Index reflects its growing prominence on the global innovation stage and reinforces its commitment to driving innovation for economic growth and social well-being.
First Published: 28 Sep 2023, 21:35 IST