India has joined the group of top 50 countries in the global innovation index for the first time, moving up four places to the 48th rank and keeping the top position among the nations in central and southern Asia. India ranks in the top 15 in indicators such as ICT (Information and Communication Technology) services exports, government online services, graduates in science and engineering, and R&D-intensive global companies.
Switzerland, Sweden, the US, the UK and the Netherlands lead the innovation ranking, and the top 5 positions are dominated by high-income countries. The 13th edition of the Global Innovation Index (GII) 2020 has jointly released by the World Intellectual Property Organization (WIPO), Cornell University and INSEAD Business School.
Top 5 countries in Global Innovation Index 2020 rankings:
|3rd||United States of America||60.56|
About the Global Innovation Index (GII):
The Global Innovation Index (GII) provides detailed metrics about the innovation performance of 131 countries and economies around the world. Its 80 indicators explore a broad vision of innovation, including political environment, education, infrastructure and business sophistication.