NK Prasanna and SK Varshney

Scientific and technological advancement and ease of doing research have placed India at 38th position in the Global Innovation Index (GII) in the ranking among 139 economies, as released by the World Intellectual Property Organisation (WIPO). A reason for pride, this is an indication of the changing economic and social picture of the country, besides huge investment in human resources development, promoting technology entrepreneurship, and addressing various Sustainable Development Goals (SDGs). As per WIPO statistics, India is steadily improving its position as an innovation hub, jumping nearly 30 points over the last ten years, highlighting the qualitative changes taking place in the country. The main reasons for this growth are a strong startup ecosystem. India currently occupies the third-largest startup ecosystem in the world. While there were only a few startups in 2014, today the number has crossed 1.40 lakh. Over 110 unicorn companies have increased the pace of innovation in the country…read more on NOPR