Which of the following statements about India's rank in the Global Innovation Index–2023, published by the World Intellectual Property Organisation, is/are correct? 1. India has been placed at 40th rank. 2. India has been on a rising trajectory over the period 2015–2023.

Both statements are correct. According to the Global Innovation Index 2023 published by WIPO, India was ranked 40th out of 132 economies, maintaining the same rank as 2022. India has shown a consistently rising trajectory in the GII rankings — from 81st in 2015 to 40th in 2023 — making it one of the fastest-rising innovation economies. India leads the lower-middle-income group and ranks first in the Central and Southern Asia region.