(THE GIST OF PIB) Global Innovation Index

(THE GIST OF PIB) Global Innovation Index


Global Innovation Index

  • The Global Innovation Index 2021 was released recently.

About the Index:

  • Global Innovation Index (GII) is co-published annually by Cornell University, INSEAD Business School, and the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations.
  • GII ranks global economies according to their innovation capabilities, including roughly 80 indicators, grouped into innovation inputs and outputs.
  • The metrics include institutions, human capital and research, infrastructure, market sophistication and business sophistication, knowledge and technology outputs and creative outputs.
  • Over the years, the GII has established itself as a policy tool for various governments and helped them to reflect upon the existing status quo.

Highlights of the Index :

  • India has climbed two spots and has been ranked 46th in the Global Innovation Index 2021 rankings (48 in GII 2020).
  • India has been on a rising trajectory over the past several years in the GII and rose from a rank of 81 in 2015 to 46 in 2021.
  • India ranks second among 34 lower middle-income group economies and first among the 10 economies in Central and Southern Asia.
  • The consistent improvement in the GII ranking is owing to the immense knowledge capital, the vibrant startup ecosystem and the work done by the public and the private research organisations.
  • The Scientific Departments like the Department of Atomic Energy; the Department of Science and Technology; the Department of Biotechnology and the Department of Space have played a pivotal role in enriching the National Innovation Ecosystem.
  • Switzerland, Sweden, U.S., and U.K. continue to lead the innovation ranking, and have all ranked in the top 5 in the past three years.



Study Material for UPSC General Studies Pre Cum Mains

Get The Gist 1 Year Subscription Online

Click Here to Download More Free Sample Material

<<Go Back To Main Page

Courtesy: PIB