WIPO report highlights India's rapid rise as a global innovation powerhouse
- IBEF
- July 10, 2026
The World Intangible Investment Report 2026, released by the World Intellectual Property Organization (WIPO) and Luiss Business School, has reaffirmed India's emergence as a leading global innovation hub, highlighting the country's rapid growth in investments across software, research and development (R&D), intellectual property, innovation and organisational capabilities. According to the report, India recorded the fastest growth in intangible investment among the world's 15 largest economies, with investments reaching Rs. 6,45,697 crore (US$ 78.20 billion) in 2023 after registering a growth rate of 7.90%, surpassing the pace of tangible investment. The report underscores India's transition towards a knowledge-driven economy, supported by rising investments in innovation-led sectors and digital capabilities. The findings reflect the country's growing strength in technology, research and intellectual property, reinforcing its position as one of the world's fastest-growing major economies and an increasingly attractive destination for innovation-driven investments.
Union Minister of Commerce and Industry Mr. Piyush Goyal stated that the report reflects India's expanding innovation ecosystem, driven by young entrepreneurs, startups and creators who are shaping the economy of the future. He highlighted that sustained reforms, digital transformation and policy support have strengthened the country's innovation landscape and accelerated the development of high-value intangible assets. The report also reinforces India's growing competitiveness in areas such as software development, research, intellectual property creation and organisational excellence, which are expected to play an increasingly important role in long-term economic growth. Continued investments in innovation, digital infrastructure and entrepreneurship are expected to enhance productivity, attract global investments and strengthen India's position as a global centre for technology, research and knowledge-based industries.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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