India in the next 30 years will be in the top three countries in innovation and will drive global solutions for the future due its entrepreneurial mindset, ongoing structural changes, and move towards a formalised economy, expert on market competitiveness Amit Kapoor said.

Amit, who has authored NITI Aayog's 2019 India Innovation Index, said certain factors already in motion will help India become an innovation hub.

"One is the structural changes that are happening in the system right now. India's becoming more formalised as an economy, people are competing against a global system.