Categories: Economy

India improves rank in Global Innovation Index

<p>
<strong>India has climbed two positions to be ranked 46th by the World Intellectual Property Organization in the Global Innovation Index 2021 rankings, according to a NITI Aayog statement issued on Monday.  </strong></p>
<p>
India has been rising steadily, in the Global Innovation Index (GII), from a rank of 81 in 2015 to 46 in 2021.</p>
<p>
The consistent improvement in the GII ranking is owing to the immense knowledge capital, the vibrant start-up ecosystem, and the amazing work done by the public and the private research organizations, the official statement said.  </p>
<p>
The Department of Atomic Energy; the Department of Science and Technology; the Department of Biotechnology and the Department of Space have played a pivotal role in enriching the National Innovation Ecosystem, it added.</p>
<p>
NITI Aayog has been working to ensure the optimization of the national efforts for bringing policy-led innovation in different areas such as electric vehicles, biotechnology, nano technology, space, alternative energy sources, the statement said.  </p>
<p>
 A constant thrust in monitoring and evaluating India’s position in the global rankings has been provided by the NITI Aayog, including in the GII.</p>
<p>
This year, the NITI Aayog, in partnership with the CII and the World Intellectual Property Organisation (WIPO), is hosting, virtually, the India Launch of the GII and the Global Innovation Conclave during September 21-22, 2021.</p>
<p>
<strong>Also Read: <a href="https://www.indianarrative.com/science-news/inspired-by-bee-hive-iit-hyderabad-designs-noise-absorber-panel-113872.html">Inspired by bee hive, IIT Hyderabad designs noise absorber panel</a></strong></p>

IN Bureau

Recent Posts

India spent $14 tn on investments since Independence, more than half of it spent in last 10 yrs: Report

India's economic growth story has witnessed a remarkable surge in investment spending, with over half…

6 minutes ago

India should be branded as a ‘Responsible Capitalist’ nation: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman has called for branding India as a "Responsible Capitalist" nation, emphasizing…

1 hour ago

Taiwan reports hike in Chinese military activity

Taiwan's Ministry of National Defence (MND) reported Chinese military activity on Saturday and detected 25…

1 hour ago

VINBAX 2024: Vietnam-India bilateral army exercise concludes at Kaushalya Dam

The fifth edition of the historic Indo-Vietnam Joint Field Training Exercise, VINBAX-2024, successfully concluded its…

18 hours ago

India-Russia strengthen defence ties at 22nd Working Group meeting on military technical cooperation

The 22nd meeting of the India-Russia Working Group on Military technical cooperation and defence industry…

18 hours ago

“I want to have strong representation of India at World Nuclear Exhibition 2025”: Sylvie Bermann

Sylvie Bermann, President of the World Nuclear Exhibition expressed confidence in India's nuclear supply chain…

19 hours ago