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New Delhi: India has climbed 4 spots and has been ranked 48th by the World Intellectual Property Organization in the Global Innovation Index 2020 rankings. India was at the 52nd position in 2019 and was ranked 81st in the year 2015.
The theme of this year’s GII was “Who Will Finance Innovation?”
The consistent improvement in the global innovation index rankings is owing to the immense knowledge capital, the vibrant startup ecosystem, and the amazing work done by the public & private research organizations, the NITI Aayog stated here on Thursday. It added that to the Aayog has been working to ensure optimization of national efforts in this direction by bringing policy led innovation in different areas such as EVs, biotechnology, Nano technology, Space, alternative energy sources, among other things. The India Innovation Index, which was released last year by the NITI Aayog, had been widely accepted as the major step in the direction of decentralization of innovation across all the states of India.
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“A constant thrust in monitoring and evaluating India’s position in global rankings has been provided by the NITI Aayog, including the global innovation index,” the Aayog said, adding that “it is time that India brings a paradigm shift and aims to be in the top 25 countries in the next global innovation index rankings”.
The WIPO had also accepted India as one of the leading innovation achievers of 2019 in the central and southern Asian region, as it has shown a consistent improvement in its innovation ranking for the last 5 years.
– globalbihari bureau
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