India was ranked 57th in the latest Global Innovation Index (GII) rankings released in New York on Tuesday. India was ranked 60th in the year 2017 which shows that it has been constantly climbing up its GII rankings since 2015.
According to reports, India has maintained its top place in the central and South Asia region and has consistently moved up the global ranking from 81st in 2015 to 57th in the year 2018. The country has climbed for the third year in a row, as it was ranked 66th in the year 2016.
On the global front, Switzerland maintained its number one position in the Global Innovation Index rankings. Other countries that fell in the top 10 list were Netherlands, Sweden, the UK, the US, Finland, Denmark, and Germany.
China, scored the rank 17th rank this year, which is an upgrade from the previous 44th rank in 2017.
Chandrajit Banerjee, DG, Confederation of Indian Industry (CII), said, “Given its size and innovation development, India has the potential to make a true difference to the global innovation landscape in the years to come. The Indian government and CII are working closely with the GII team to further improve the Indian innovation performance.”
GII is a leading benchmarking tool for business executives, policymakers and others seeking insight into the state of innovation around the world. The ranking is constantly being used to evaluate progress on a continual basis