New Delhi, July 24 (KNN) The Union Minister for Commerce and Industry Piyush Goyal has launched Global Innovation Index (GII) 2019. It has ranked India as the 52nd most innovative country globally in its 12th edition.

India's rank jumps from 57 in 2018 to 52 in 2019. In last 4 years, India's rank has jumped from 81 in '15 to 52 in '19, the biggest rise amongst all the world's major economies.

GII 2019 has ranked innovation performance of 120 economies globally relying on 80 indications. India, for the first time, hosted the launch of GII.

Speaking during the launch, Goyal said “India, the 6th largest economy. With significant innovation, it seeks to become a $5 trillion economy with the help of significant innovation.”

Innovation has become central to the government’s innovation policy. India has emerged as the most innovative economy in the Central and South Asian region. This is the biggest rise among the world’s major economies. India’s rise in 4 years from 81 in 2015 to 52 is a remarkable achievement that reflects India’s innovation performance relative to other countries,” said Naresh Prasad, Assistant Director-General & Chief of Staff, WIPO during the launch of GII.

Switzerland led the GII 2019 as the most innovative country on earth followed by Sweden, US, Netherlands, UK, Finland, Denmark, Singapore, Germany and Israel.