India has jumped 15 spots to become 2nd most innovative middle income economy in world. This was revealed in the latest report of Global Innovation Index report released by Commerce and Industry Minister Nirmala Sitharaman in New Delhi. Now, it has moved to 66th rank from 81 in 2015.

About Global Innovation Index:

• The Global Innovation Index is an annual ranking of countries by their capacity for, and success in, innovation.

• It is published by Cornell University, INSEAD, and the World Intellectual Property Organization, in partnership with other organisations and institutions, and is based on both subjective and objective data derived from several sources, including the International.

• Telecommunication Union, the World Bank and the World Economic Forum.

• The index was started in 2007 by INSEAD and World Business, a British magazine.

• The GII is commonly used by corporate and government officials to compare countries by their level of innovation.