409. India would like to reiterate its statements on this issue made in earlier meeting. India is of the view that while IPRs may provide an incentive to innovate, they are neither necessary nor a sufficient condition and could only be effective in certain contexts.
410. Though, India realizes importance of innovation and keeping that in view, India has taken many steps to improve the innovation eco system-whether it is through the quality of the human resource or the research and development activities or strengthening of academia industry linkages and availability of capital. As a result, India has moved up on the Global Innovation Index from a rank of 76 in 2014 to 57 in 2018. During the same period India has made substantial progress in improving its ease of doing business ranking, reaching to rank of 77 out of 190 counties surveyed, making it the only country to rank among the top ten improvers for the second consecutive year. Since 2014, India's ranking improved 65 places from 142nd in 2014 to 77th in 2018.