Resource detail

India rose to 40th among 132 countries in the Global Innovation Index 2022, jumping six places from a year ago, according to the rankings released by the World Intellectual Property Organisation (WIPO). This was mainly due to an improvement in information and communication technologies (ICT) services exports, venture capital recipients’ value as well as finance for start-ups. India’s rank has risen by 41 places since 2015, when it was at the 81st spot. The country’s rank stood at 46 in 2021 in the index that tracks innovation both in government policies and industry practices.