India Emerges as Global Innovation Powerhouse as Intangible Investment Reaches $78.2 Billion: WIPO Report

India Emerges as Global Innovation Powerhouse as Intangible Investment Reaches $78.2 Billion: WIPO Report

The World Intangible Investment Report 2026, launched by the World Intellectual Property Organization and Luiss Business School, highlights India’s fastest growth in intangible investment among major economies. With $78.2 billion invested in 2023, India’s focus on innovation, software, research, intellectual property, and startups continues to strengthen its knowledge-driven economy.

India has strengthened its position as a global innovation powerhouse, with the World Intangible Investment Report 2026 highlighting the country’s rapid growth in knowledge-driven investments that are shaping the future economy.

The report, launched by the World Intellectual Property Organization and Luiss Business School, stated that India recorded the fastest growth in intangible investment among the world’s 15 largest economies. The country’s intangible investment reached $78.2 billion in 2023, registering a growth rate of 7.9 percent, surpassing the pace of tangible investment.

Union Commerce and Industry Minister Piyush Goyal said in a social media post that the report reflects India’s expanding focus on intangible assets, including software, research and development, intellectual property, innovation, and organisational capabilities. He said these areas are playing a crucial role in driving the economy of the future.

Goyal highlighted that India’s progress has been powered by the energy and aspirations of young innovators, entrepreneurs, and creators. He stated that India continues to remain the world’s fastest-growing major economy, a global bright spot, and is steadily advancing towards a knowledge-driven future based on ideas, innovation, and enterprise.

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The Minister further noted that under the leadership of Prime Minister Narendra Modi, India is continuing to strengthen its innovation ecosystem through sustained reforms, digital transformation, and support for startups.

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The findings of the World Intangible Investment Report 2026 underline India’s growing capabilities in innovation-led growth, reflecting the country’s transition towards a future economy driven by technology, creativity, and intellectual assets.

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