India achieves 40th rank in 2023 edition of Global Innovation Index

India has achieved 40th rank among 132 economies globally in the 2023 edition of the Global Innovation Index (GII) published by the World Intellectual Property Organization (WIPO). NITI Aayog said, India is part of the group of countries that has climbed the GII rankings fastest over the last decade. As per the report, India has also been making the most headway in innovation over the last decade. India has emerged as a Regional GII leader as it performed above expectations on innovation relative to the level of economic development. It continues to adhere to the record of being an innovation over-performers for the 13th consecutive year. The Global Innovation Index 2023 captures the innovation ecosystem performance of 132 economies and tracks the most recent global innovation trends.