India jumps 5 places to 52nd in global innovation index

India improved its rank by five places to stand at 52nd in an index of the world's most innovative economies and maintained its position as the top exporter of IT services, according to a report released Wednesday.

The country's three cities, Bengaluru, Mumbai and New Delhi, also featured in the world's top 100 science and technology clusters, according to the Global Innovation Index (GII) 2019.

The GII ranks 129 economies based on 80 indicators, ranging from intellectual property filing rates to mobile-application creation, education spending and scientific and technical publications.

Switzerland retained its number-one spot on the GII rankings. It was followed by Sweden, the US, the Netherlands, the UK, Finland, Denmark, Singapore, Germany and Israel in the top 10 places.

Commerce and Industry Minister Piyush Goyal released the Global Innovation Index (GII) rankings here.

Goyal said that the government is committed to further improving the ranking as innovation is key for the country's economic growth. "I assure you that going forward, the country will not rest until we achieve the target of coming in the top 25th and then in top 10th in the world."