India has moved up one place to spot 68 on the Global Entrepreneurship Index (GEI) of 2018. The US topped the index this year also, Global Entrepreneurship Network (GEN) president Jonathan Ortmans said on November 29,2017. “India is in 68th position in the Global Entrepreneurship Index. The US is in first position in 2018. The list was prepared for 137 countries in the world.
Each country is ranked according to its GEI score to indicate overall entrepreneurship attitude and potential,” Ortmans said at a session at the Global Entrepreneurship Summit. Last year, India enjoyed the largest jump in the rankings, moving up 29 spots to 69th position. India was strong in product innovation while weak in the area of technology absorption, last year’s report had said. GEN is a platform of programmes and initiatives to help new firms start and scale while working to create a global entrepreneurial ecosystem.