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Global Innovation Index 2022

  • Posted By
    10Pointer
  • Categories
    World Affairs
  • Published
    3rd Oct, 2022

Context

India has climbed to the 40th rank in the recently launched Global Innovation Index of the World Intellectual Property Organization. 


Key-highlights of the Index

  • The index reveals that "a progressive eastward shift in the locus of innovation" is underway, with several Asian economies climbing the rankings.
  • The top five countries: Switzerland, Sweden, the United States, the United Kingdom, and the Republic of Korea are the top five countries in the GII.
  • India’s Ranking:  India has gone up from 46th rank in 2021 to 40th rank in 2022.
    • India has consistently improved its innovation ranking over the last five years, making it one of the Central and Southern Asian innovators.
  • The most progress Nations in Asian economies: China, India, the Philippines, and Vietnam are the Asian economies that have made the most progress on the index in recent years, with all four currently ranking in the top 50.
    • China, the only middle-income country, is ranked 11th this year.

What is the Global Innovation Index?

  • Global Innovation Index is a marker of innovative progress for 132 countries worldwide. 
    • Each year, 132 countries compete to bag the top position in GII to indicate their innovation-driven growth.
  • This ranking is conducted annually by the World Intellectual Property Organization.
    • Through this ranking, governments can determine the pace of progress in their respective countries. 
  • The Global Innovation Index ranking was started by INSEAD and World Business in 2007. 
  • GII has around 80 indicators, which are used to determine where a country stands in terms of innovation. 
    • Some of these indicators include education, politics, corporate sophistication, infrastructure, human resource, etc.

Rankings based on Areas 

  • The rankings were based on the areas of
    • Human and capital research
    • Business sophistication
    • Infrastructure
    • Technology outputs

About World Intellectual Property Organization (WIPO)

  • It is the global body for promotion and protection of intellectual property rights (IPR).
  • It is one of the 17 specialized agencies of the United Nations.
  • Founded in 1967 with its headquarters in Geneva, Switzerland.
  • WIPO is the world’s center for information, cooperation, and intellectual property (IP) services.
  • It aims to encourage creative activity, to promote the protection of intellectual property throughout the world.
  • With 193 member states, WIPO is a self-supporting organisation of the UN.
    • India is a member of WIPO and party to several treaties administered by WIPO.
    • It encourages and provides assistance to all its 188 member countries in formulating national IPR policy however it does not dictate or prescribe any mandatory measures.

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