Current Affairs - National - Discussion

India ranks 39th on the Global Innovation Index 2024, which highlights a gap in its innovation capabilities despite being the 2nd-largest producer of STEM graduates globally. This low ranking is attributed to insufficient research and development (R&D) funding, especially in comparison to countries like China and South Korea, which have significantly higher R&D investment. India’s focus on R&D needs to be strengthened to improve its global innovation standing and economic growth.