Top 10 most innovative global economies in 2024: Where does India stand?

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Top 10 Most Innovative Global Economies successful 2024, arsenic per Global Innovation Index 2024 by World Intellectual Property Organisation.

Most Innovative Economies successful 2024: After experiencing booms successful 2020 and 2022, planetary R&D maturation has slowed to 3%, successful addition, task superior investments person decreased by 39%, and planetary patent filings person besides declined, arsenic per to the World Intellectual Property Organisation (WIPO), which precocious published the Global Innovation Index (GII) 2024.

Macroeconomic factors, including sluggish economical growth, reduced backing for innovation, and declining productivity, person driven economies to amended their innovation ecosystem and performance, portion besides implementing innovative policies and strategies aimed astatine addressing captious economical and societal challenges.

Not truthful surprisingly, Switzerland regained the apical spot erstwhile again successful the Global Innovation Index for the 14th consecutive year, reigning arsenic a planetary person successful innovation outputs.

Ranking archetypal globally successful some cognition and exertion outputs and originative outputs, it’s besides among the apical 5 successful remaining GII pillars, but Infrastructure, wherever it ranks 7th globally.

It’s noteworthy to notation that middle-income economies similar China person demonstrated sustainable innovation show implicit the past decade, driven mostly by advancements successful education, policy, and infrastructure, resulting successful it climbing up to the 11th presumption successful planetary innovation rankings, closing successful connected the apical 10.

Meanwhile, countries specified arsenic Turkey, Malaysia, the Philippines, and Vietnam person made important strides, portion India is moving up 1 place, continuing to pb the lower-middle-income radical successful Southeast Asia.

WIPO) Global Innovation Index 2024: Here are the apical 3 innovation economies, based connected portion and income group. (Source: WIPO)

Top 10 planetary economies that emerged arsenic innovative powerhouses

Ranking 133 economies astir the world, portion besides highlighting the captious relation of societal entrepreneurship successful driving innovation, present are the apical 10 astir innovative economies successful the world, arsenic per the Global Innovation Index 2024.

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