India remains at 40th position in Global Innovation Index 2023
India has retained its 40th position among 132 economies in the Global Innovation Index 2023.
An Overview of the News
The ranking reflects India's continued progress in the GII, improving from 81st in 2015 to 40th in 2023.
India's improved GII ranking can be attributed to factors such as its rich knowledge capital, vibrant startup ecosystem and notable contributions from both public and private research organizations.
Various government departments including the Department of Science and Technology, Biotechnology, Space and Atomic Energy have played an important role in enhancing the national innovation ecosystem.
Initiatives like Atal Innovation Mission have been helpful in expanding this ecosystem.
Efforts of NITI Aayog:
NITI Aayog has been actively involved in promoting policy-driven innovation in areas such as electric vehicles, biotechnology, nanotechnology, space technology and alternative energy sources.
It has also worked to promote innovation at the state and district level.
NITI Aayog has continuously monitored and evaluated India's global rankings, including the GII.
Importance of GII:
The Global Innovation Index (GII) serves as a valuable tool for governments around the world to assess the impact of innovation on social and economic changes in their respective countries.
Over time, the GII has become an essential policy tool for governments, helping them assess their current position in terms of innovation.
Collaboration with Confederation of Indian Industry (CII):
The Confederation of Indian Industry (CII) has been supportive of India's journey towards becoming an innovation-driven economy.
In 2023, NITI Aayog, in partnership with CII and the World Intellectual Property Organization (WIPO), is hosting the Virtual India Launch of GII 2023 on 29 September.
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