Engine Of National Growth Through Innovation
India has improved its position as one of the top 50 innovative countries in the World Intellectual Property Organisation’s annual ranking. At 48th position, India has improved its position by four spots on the Global Innovation Index 2020. Switzerland, Sweden, US, UK and the Netherlands are on the top spots of ranking. India has been consistently improving its ranking – from 81st position in 2015 and 52nd in 2019 to 48 in 2020. The ranking is based on knowledge capital, vibrant Start-up ecosystem and amazing work done by the public and private research bodies. Innovation has been given a push by Prime Minister Narendra Modi and he has been talking about it from every platform. In his address to the nation on the 74th Independence Day, Mr. Modi said, India needs to be innovative to take on the competitive world. He said, “In order to progress, the nation needs to innovate. Higher the stress that will be laid on innovation and research, greater would be the strength to take India forw...