The World Intellectual Property Organisation (WIPO) released the Global Innovation Index (GII) 2025. Global Research and Development (R&D) growth slowed to 2.9% in 2024 and is projected to fall further to 2.3% in 2025, the lowest since the 2010 financial crisis. India has risen to 38th rank in 2025, improving from 48th in 2020. Switzerland ranks first, followed by Sweden, United States, South Korea, and Singapore. India performs best in Knowledge & Technology Outputs (22nd) and Market Sophistication (38th). Weak areas for India are Business Sophistication (64th), Infrastructure (61st), and Institutions (58th). India is first among lower-middle-income economies and in the Central and Southern Asia region.
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