In pics: Check out India's position in global innovation index rankings

SUMMARY

India has made it to the top 50 countries in ‘Global Innovation Index 2020’ rankings released by UN World Intellectual Property Organisation (WIPO), Cornell University, INSEAD along with their partners including the industry body CII. India jumped four positions to secure 48th rank in the list that is dominated by western countries.

By Pradeep Suresh Sept 9, 2020 7:13:32 PM IST (Published)

India has made it to the top 50 countries in 'Global Innovation Index 2020’ rankings released by UN World Intellectual Property Organisation (WIPO), Cornell University, INSEAD along with their partners including the industry body CII. The GII ranks 131 economies based on 80 indicators, ranging from intellectual property filing rates to mobile-application creation, education spending and scientific and technical publications.

10#South Korea: The country made it to the top ten list for the first time mainly due to high ranks in important metrics such as patents, utility models, trademarks, industrial designs, and creative goods exports. (AP Photo/Lee Jin-man)

9# Germany: The European powerhouse made it to the top rankings owing to its overall performance across segments.

8# Singapore: The city-state emerged as the highest-ranking country from the continent by securing the eighth position in the list.

7# Finland: The country made it to the top owing mainly to its impressive institutions and creative output. (Photo courtesy: Visit Finland)

6# Denmark: The country in addition to its impressive overall performance ranked high in human capital and research. (Olafur Steinar Rye Gestsson/Ritzau Scanpix via AP)

5# Netherlands: A highly sophisticated business environment and impressive technology output place the country at fifth spot.

4# United Kingdom: From its education institutions to overall infrastructure, United Kingdom performed extremely well across various indicators and secured the fourth spot.

3# USA: The global superpower emerges third in the list backed by its high-class universities and top of the class scientific publications. (AP Photo/Wong Maye-E)

2# Sweden: The Baltic powerhouse retained its second position owing to a solid human capital and research system that is coupled with a sophisticated market with innovative firms.

1# Switzerland: The landlocked nation continued its dominance by remaining at the top position for the 10th consecutive year. In addition to the overall performance, the country has improved its performance in patents and venture capital deals.

48# India: India jumped four positions to secure 48th rank in the list in addition to emerging as the top-ranked nation in the central and southern Asia region.