The Global Innovation Index (GII) list, 2020 released jointly by the World Intellectual Property Organization (WIPO), Cornell University and INSEAD Business School.
Switzerland, Sweden, the US, the UK and the Netherlands lead the innovation ranking.
India has been ranked 48th and joined the group of top 50 countries for the first time.
Also it become the third most innovative lower middle-income economy in the world.
India ranks in the top 15 in indicators such as ICT (Information and Communication Technology) services exports, government online services, graduates in science and engineering, and R&D intensive global companies.