In a statement, NEDA Secretary Arsenio Balisacan said the country's advancement in the 2024 Global Innovation Index (GII) released by the World Intellectual Property Organization (WIPO) late last month clearly reflects the government's commitment to fostering a culture of innovation and enhancing competitiveness.
"Our focus remains on making innovation a key driver of sustainable economic growth that benefits every Filipino," he said pines climbed three notches to 53rd out of 133 economies from 56th last year.
The country's 2024 GII rank also surpasses the government's target of placing 54th this year under the Philippine Development Plan.
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