Marking a major advancement amid the pandemic, India has moved up four places to rank 48th in the Global Innovation Index (GII) 2020 released on Wednesday. Compiled by the World Intellectual Property Organisation (WIPO), Cornell University and INSEAD business school, the index assessed 131 economies.

Switzerland, Sweden, the US, the UK and the Netherlands lead the innovation ranking. South Korea joined the top 10 for the first time while Singapore is at number 8. The top 10 is dominated by high-income countries.