4.5/5
A noteworthy accomplishment for India is its status as the top-ranked nation among 38 lower-middle-income economies. This distinction underscores India's emerging leadership in innovation, particularly within the developing world, where it is recognized as a catalyst for technological and economic advancement.
- India has consistently improved its ranking in the Global Innovation Index (GII) over recent years.
- In 2022, India ranked 40th out of 132 economies, marking its first entry into the top 40 after climbing six positions.
- In 2023, India maintained its 40th rank, with a statistical confidence interval between 37 and 43.
- India ranks 1st among 37 lower-middle-income economies and also leads among 10 economies in Central and Southern Asia.
- The GII provides insights into the innovation landscape of 132 countries, capturing trends and serving as a comparative measure.
|
Country/Economy |
2024 Innovation Rank |
|
Switzerland |
1st |
|
Sweden |
2nd |
|
United States (US) |
3rd |
|
Singapore |
4th |
|
United Kingdom |
5th |
|
South Korea |
6th |
|
Finland |
7th |
|
Netherlands |
8th |
|
Germany |
9th |
|
Denmark |
10th |
|
China |
11th |
|
France |
12th |
|
Japan |
13th |
|
Canada |
14th |
|
Israel |
15th |
|
Estonia |
16th |
|
Austria |
17th |
|
Hong Kong |
18th |
|
Ireland |
19th |
|
Luxembourg |
20th |
|
Norway |
21th |
|
Iceland |
22nd |
|
Australia |
23rd |
|
Belgium |
24th |
|
New Zealand |
25th |
|
Italy |
26th |
|
Cyprus |
27th |
|
Spain |
28th |
|
Malta |
29th |
|
Czech Republic |
30th |
|
Portugal |
31st |
|
United Arab Emirates |
32nd |
|
Malaysia |
33rd |
|
Slovenia |
34th |
|
Lithuania |
35th |
|
Hungary |
36th |
|
Turkey |
37th |
|
Bulgaria |
38th |
|
India |
39th |
|
Poland |
40th |
