What was India’s rank in the Global Innovation Index 2024?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4: 39th.
Explanation:
According to the Global Innovation Index (GII) 2024 report, India has secured the 39th position, demonstrating remarkable improvement in its innovation capabilities.
Improvement: In 2023, India was ranked 40th; thus, this year, India has climbed one spot. This represents a significant achievement since 2015, when India was ranked 81st.
Publisher: This index is published annually by the World Intellectual Property Organization (WIPO).
Regional Performance: India retains the top spot within the group of lower-middle-income countries and also leads among Central and South Asian nations.
Key Strengths: India has performed exceptionally well, particularly in the areas of 'ICT Services Exports,' 'Venture Capital Investment,' and the number of 'Science and Engineering Graduates.'
Top 3 Countries in GII 2024:
Switzerland (ranked 1st for the 14th consecutive year).
Sweden.
United States of America (USA).
India's Journey of Progress (At a Glance):
2015: 81st Position
2021: 46th Position
2023: 40th Position
2024: 39th Position
Additional Facts (WIPO):
Established: 1967.
Headquarters: Geneva, Switzerland.
Objective: To protect Intellectual Property (IP) rights worldwide and to promote innovation.