India has improved its position in the Global Innovation Index (GII), moving up to the 38th rank globally. This significant improvement is attributed to strengthened innovation policies, increased research activity, and investments in technology across diverse sectors. The Union Cabinet, chaired by Prime Minister Modi, has also approved new royalty rates for critical minerals to further support domestic innovation and resource development. These changes are expected to boost India’s competitiveness on the global stage and create more opportunities for knowledge-driven industries.
