GII ranking testament to PM's commitment to making India innovation hub: NITI VC 

The 2022 edition of the GII tracks the most recent global innovation trends against the background of an ongoing COVID-19 pandemic, slowing productivity growth and other evolving challenges.

Published: 30th September 2022 04:55 PM  |   Last Updated: 30th September 2022 04:55 PM   |  A+A-

NITI Aayog vice-chairman Suman Bery

NITI Aayog vice-chairman Suman Bery (Photo| Twitter)

By PTI

NEW DELHI: India's jump to the 40th rank in the Global Innovation Index 2022 is a testament to the Prime Minister's commitment to making India an innovation hub, NITI Aayog Vice Chairman Suman Bery said on Friday.

Addressing an event organised by the Aayog, Bery further said the industry needs to ensure that its contribution to the R&D goes up substantially in the coming year.

Also, speaking at the event, the Geneva-based World Intellectual Property Organization (WIPO) Director General said India leads the world in ICT services exports and hosts top ranking in key indicators.

In 2021, Indian companies have almost 40 billion US dollars in venture capital investment, which is more than a 200 per cent increase over the prior year, he added.

India climbed six notches to 40th position in the Global Innovation Index 2022 on account of improvement in several parameters, according to a report by WIPO.

ALSO READ | Economist Suman Bery takes charge as NITI Aayog Vice-Chairman

Switzerland, the United States, Sweden, the United Kingdom and the Netherlands are the world's most-innovative economies, according to WIPO's 2022 Global Innovation Index (GII), with China on the threshold of the top 10.

Other emerging economies are also showing consistently strong performance, including India and Türkiye, both of which enter the top 40 for the first time, it said.

ALSO READ | IIT-M Incubation Cell and RBI Innovation Hub come together to nurture financial inclusion

The 2022 edition of the GII tracks the most recent global innovation trends against the background of an ongoing COVID-19 pandemic, slowing productivity growth and other evolving challenges.

WIPO had said a large number of countries use the GII to assess and improve their innovation ecosystems and use the index as a reference in economic plans and/or policies.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp