India Rises To 39th Position In Global Innovation Index 2024, Climbs 42 Spots In Nine Years

India has climbed 42 spots in the Global Innovation Index (GII) over the past nine years, achieving the top rank among 38 lower-middle-income economies in 2024.

The Global Innovation Index (GII) 2024, released on Thursday (26 September), places India at the 39th spot, a significant rise from the 81st position it held in 2015.

Consisting of roughly 80 indicators, the GII ranks 133 economies worldwide according to their innovation capabilities.

India’s notable accomplishments in the index includes its top rank among 38 lower-middle-income economies.

India has also secured the fourth spot in the World Intellectual Property Organization (WIPO) Science and Technology Cluster Ranking.

Further, India is ranked first among the 10 economies in Central and Southern Asia.

Major Indian cities such as Mumbai, Delhi, Bengaluru, and Chennai have made it to the list of the world’s top 100 Science and Technology clusters, serving as prominent centres for research, innovation, and technological progress.

Additionally, India ranks 7th globally in intangible asset intensity, reflecting its strong foundation in non-physical assets such as patents and trademarks, which are crucial for driving innovation forward.

Hailing the development, Prime Minister Narendra Modi described this achievement as a "remarkable feat".

“A remarkable feat! Our Government is committed to ensuring a vibrant innovation ecosystem, which can transform the lives of the youth," PM Modi said in a post on X.

Switzerland, Sweden, the United States, Singapore and the United Kingdom are the world’s most-innovative economies, while China, Türkiye, India, Viet Nam and the Philippines are the fastest 10-year climbers, according to WIPO’s Global Innovation Index (GII) 2024.

In the GII ranking of 130-plus economies, China reached the 11th position and remains the only middle-income economy in the GII top 30.

A total of 19 economies outperformed on innovation relative to their level of development. India, the Republic of Moldova and Viet Nam are all innovation overperformers for 14 years in a row, according to the GII.

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