India is now ranked 40th in the World Intellectual Property Organization’s Global Innovation Index. 41 positions are jumped, which is a significant increase. Innovation is the hot topic in India, according to Prime Minister Narendra Modi in a tweet. He proudly acknowledged the nation’s innovators, stating that even greater heights still to be attained notwithstanding how far India has come.
Piyush Goyal, the minister of union commerce and textiles, stated in a tweet that innovation in India is booming. The continued growth, he claimed, proves that India is quickly developing into a centre for global innovation under the leadership of Prime Minister Modi.
Switzerland has been named the most innovative economy in the world for the 12th consecutive year, according to the World Intellectual Property Organization’s Global Innovation Index 2022, which was published yesterday.
For the 12th year in a row, Switzerland continues to be the innovation leader in the globe. In terms of innovative outputs, it is the leader in the world, particularly in terms of patents by country of origin, software spending, high-tech manufacturing, production, and export complexity. The United States came in second, followed by Sweden, the United Kingdom, and the Netherlands.