Surprise! India rockets to 54th spot in world's most innovative countries list
The 2019 Bloomberg Innovation Index ranking, which enters its seventh year, has been released at the annual World Economic Forum in Davos, Switzerland, where the global elite has congregated to discuss the future of globalization, role of the state and how innovation propels countries forward. The 2019 Bloomberg ranking process began with more than 200 economies, which were scored on a 0-100 scale based on seven equally weighted categories, and the list of top 60 economies has finally been published. According to Bloomberg report, India as a largest emerging economy did not find a place in 2018, but it made an entry in 2019 and stands at the 54th spot.
In the Bloomberg Innovation Index, India is among the new entrants from the world’s largest emerging economies with a total score of 47.93. Barring India, other nations include Mexico, Vietnam and Saudi Arabia also made a surprise entry. Notably, the United Arab Emirates made the highest debut in 46th place, while Brazil rejoined the index in the 45th spot after not being ranked in 2018. Image source: pmindia.gov.in