News Highlight
For the first time, India has made remarkable progress in the Global Innovation Index ranking.
Key Takeaway
- India found a place in the top 40, released by the World Intellectual Property Organisation (WIPO).
- Also, the report said that emerging economies are showing consistently strong performance, with India jumping to the 40th position while Turkey is placed at the 37th position.
- Earlier, in 2020, India entered the top 50.
Global Innovation Index 2022.
- The Global Innovation Index Ranking 2022 report is in its 15th edition.
- According to the report, Switzerland, the United States, Sweden, the United Kingdom and the Netherlands are the world’s most-innovative economies.
Global Innovation Index (GII).
- About
- Professor Soumitra Dutta launched the Global Innovation Index (GII) project in 2007 during his tenure at INSEAD (Institut Européen d’Administration des Affaires).
- World Intellectual Property Organisation (WIPO) started its association with the GII in 2011 and began co-publishing the GII in 2012.
- The GII continued to be co-published by Cornell University, INSEAD and WIPO up to 2020.
- As of 2021, the GII was launched by the World Intellectual Property Organisation (WIPO), a specialised agency of the United Nations, in partnership with:
- The Confederation of Indian Industry
- The Brazilian National Confederation of Industry
- Ecopetrol (Colombia)
- The Turkish Exporters Assembly
- Indicators:
- Innovation inputs:
- Institutions;
- Human capital and research;
- Infrastructure;
- Market sophistication;
- Business sophistication.
- Innovation outputs:
- Knowledge and technology outputs;
- Creative outputs
- Innovation inputs:
The India Innovation Index
- It is released by NITI Aayog and the Institute for Competitiveness every year.
- The index attempts to create an extensive framework for continuously evaluating the innovation environment in all States and Union Territories.
- It plans to carry out the following three tasks:
- Using index scores to rank the states and Union Territories.
- Identifying opportunities and challenges.
- Helping to create government policies that encourage innovation.
- The states have been bifurcated into three categories:
- Major states.
- Northeast and hill states.
- Union Territories/city-states/small states.
- The India Innovation Index parameters:
- Patents per million of population.
- Publication in scientific journals.
- Percentage of GDP spending on research.
- Demographic dividend and other economy-specific parameters.
- The number of PhD students and knowledge-intensive employment.
- FDI (Foreign Direct Investment) inflows.
- Enrolment in engineering and technology and the number of highly skilled professionals.
Pic Courtesy: WIPO
Content Source: Livemint