Global Innovation Index by WIPO
- Posted By
10Pointer
- Categories
Economy
- Published
22nd Sep, 2021
-
Context
India has improved its ranking in the latest Global Innovation Index (GII), moving up two positions to 46.
Key-highlights of the Findings
Overall
- Switzerland topped the league table, followed by Sweden, the US and the UK.
- Among Asian economies, South Korea jumped to the fifth position, up from 10 last year.
- China was in the 12th position.
India
- The country’s rank has been consistently rising in the last few years. From 81 in 2015, it has moved to 46 in 2021.
Factors responsible for India’s growth
- immense knowledge capital
- vibrant start-up ecosystem
- work done by the public and the private research organizations
World Intellectual Property Organization (WIPO)
- The GII report is published by World Intellectual Property Organization (WIPO).
- It is an annual ranking of countries by their capacity for, and success in, innovation.
- The GII is the fulcrum for the governments – across the world – to assess the social and the economic changes in their respective countries.
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