India remains at 40th position in Global Innovation Index 2023

Tags: INDEX

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.