Japanese Giant Toshiba to lay off about 7% of workforce
Population of senior citizens in India will be 34 crore by 2050, silver economy is growing rapidly; 31.30 lakh new demat accounts were opened in March 2024 and more...
The improvement in ranking is also owed to the work done by public and private research organisations.
The World Intellectual Property Organization’s Global Innovation Index 2021 report, has ranked India at 46th position, according to an official statement. Climbing two spots, India has been showcasing a gradual rise in Global Innovation Index for the last few years. In 2015, it was at 81st place in the rankings and has moved to 46th position in 2021.
With significant developments like rising knowledge capital, the dynamic start-up ecosystem the GII ranking has shown consistent improvement. The improvement in ranking is also owed to the work done by public and private research organisations.
The report said that a crucial role has been played by departments like the department of atomic energy; the department of science and technology; the department of biotechnology and the department of space to enrich the national innovation ecosystem. To examine the social and economic reforms in the countries, GII forms the pivotal tool for governments across the globe.
The GII has established itself as a policy tool for various governments and helped them to reflect upon the existing status quo.