India has been ranked 46th by the World Intellectual Property Organisation in the Global Innovation Index 2021 rankings, a significant jump of 25 places in six years, when the country was ranked 81st in 2015.
According to a statement issued by government think tank Niti Aayog, the improvement in India's rankings over the past six years is due to the availability of immense knowledge capital and a promising start-up ecosystem.
Policy led innovation has been key to India's success as an innovation hub, the statement said, adding that during the pandemic also it was innovation which had helped in maintaining a vibrant atmosphere in the sector, the think tank said.
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Development of electric vehicles, biotechnology, nano technology and green energy projects, are some of the examples of innovation in India, Niti Aayog stated.
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