Newsinc24 Team 
India has moved up to 39th place among 133 global economies in the Global Innovation Index (GII) 2024.Union Commerce and Industry Minister Piyush Goyal announced that India also ranks first among the 10 economies in the Central and Southern Asia region. In a social media post, Mr Goyal highlighted the remarkable achievements under the guidance of Prime Minister Narendra Modi’s decisive leadership. He said, India also ranked 1st among lower-middle-income economies, and 4th in the World Intellectual Property Organization (WIPO) Science & Technology (S&T) Cluster Ranking. Mr Goyal said, Mumbai, Delhi, Bengaluru, and Chennai are listed among the World’s Top 100 S&T clusters, and India is 7th globally in intangible asset intensity.India’s rise in the GII ranking is notable, as the country was ranked 81st in 2015.
India rises to 39th position among 133 global economies in the Global Innovation Index 2024!
— Piyush Goyal (@PiyushGoyal) September 26, 2024
Guided by PM @NarendraModi ji's decisive leadership, India achieves these remarkable milestones:
1st among 10 economies in Central & Southern Asia
1st among… pic.twitter.com/FbyE8JHJix
The GII 2024 evaluates the innovation ecosystem performance of 133 economies and tracks the latest global innovation trends. It is considered a reliable tool for governments to assess innovation-led social and economic changes in their countries.According to the World Intellectual Property Organization’s (WIPO) GII 2024, Switzerland, Sweden, the US, Singapore, and the UK are the world’s most innovative economies, while China, Turkey, India, Vietnam, and the Philippines are the fastest climbers over the past decade.The GII, which started in 2007 by INSEAD, a business school, and World Business, a British magazine, provides a comprehensive measure of global innovation.
The consistent improvement in the GII ranking is owing to the knowledge capital, vibrant start-up ecosystem, and the amazing work done by the public and private research organisations. The GII is a reliable tool for governments across the world to assess the innovation-led social and economic changes in their respective countries.
Switzerland, Sweden, the United States, Singapore and the United Kingdom are the world's most innovative economies, while China, Turkiye, India, Viet Nam and the Philippines are the fastest 10-year climbers, according to WIPO's Global Innovation Index (GII) 2024. "In Central and Southern Asia, India (39th) continues to lead, moving one spot forward. The Islamic Republic of Iran (64th, down by two places) comes second, followed by Kazakhstan (78th). Uzbekistan (83rd) retains its 4th position within the region," according to WIPO's Global Innovation Index (GII) 2024.
Related Items
Seychelles backs India’s permanent UNSC bid ahead of PM Modi’s visit
India launches world’s first nuclear process heat-based hydrogen production facility
Trump to visit India early next year, says Rubio