<p>In order to assess the effectiveness of ongoing reforms in the field of innovative development, identify priority areas and weak points in their further improvement, it is important to participate in the Global Innovation Index (GII) rating recognized by the world community. Therefore, this article reveals the main directions and benefits for the economy of achieving high scores in the GII ranking. The competition to achieve high positions in the GII ranking between countries has been analyzed. The effectiveness of the reforms implemented in the Republic of Uzbekistan on the development of innovation activity has been revealed. Economic levels of development of the Top 50 countries in the GII ranking have been analyzed and the feasibility for Uzbekistan to join this group by 2030 - justified.</p>