Correct Answer : Option (B) - 40th
India has maintained its 40th rank in the latest Global Innovation Index (GII) 2023 released by the World Intellectual Property Organisation (WIPO), making it a leading position holder among the lower middle-income country group.
The country ranked first among the 37 lower-middle group income and first among the 10 economies in Central and South America.
“India maintains its 40th position overall and takes the helm in the lower middle-income group. It holds the record for overperforming on innovation for the 13th consecutive year. India holds top rankings in key indicators, including ICT services exports (at place 5), VC received (6), graduates in science and engineering (11) and global corporate R&D investors (13),” read a press state from the GII.
The GII tracks the innovation ecosystem performance of 132 global economies and the most recent global innovation trends. In 2015, India stood at the 81st spot and has been rising in the past eight years.