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Indian Economy - Understanding the basics of Indian economic system

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27-Sep-24

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India Rises to 39th Place in Global Innovation Index 2024

India has moved up to the 39th position among 133 economies in the Global Innovation Index (GII) 2024, according to a report by the Geneva-based World Intellectual Property Organization.

This is a substantial improvement from its standing of 81st in 2015.

Union Minister Piyush Goyal attributed this achievement to the decisive leadership of Prime Minister Narendra Modi and the country’s commitment to fostering an environment conducive to innovation.
India has also achieved the 4th rank in the Science and Technology (S&T) Cluster Ranking. Major cities such as Mumbai, Delhi, Bengaluru, and Chennai are ranked among the world’s top 100 science and technology clusters, serving as hubs for research, development, and technological advancements.
The GII 2024 highlights Switzerland, Sweden, the United States, Singapore, and the United Kingdom as the world’s most innovative economies. China, Turkiye, India, Vietnam, and the Philippines emerged as the fastest climbers over the past decade.
China reached the 11th position and remains the only middle-income economy in the GII top 30.

By: Brijesh Kumar

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