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Global Innovation Index

  • Posted By
    10Pointer
  • Categories
    Economy
  • Published
    4th Sep, 2020
  • India has climbed 4 spots and has been ranked 48th by the World Intellectual Property Organization (WIPO) in the Global Innovation Index 2020 rankings.
  • India ranked 48th with jump of 4 spot.
  • It is a remarkable achievement to be in a league of highly innovative developed nations all over the globe.
  • India became the third most innovative lower middle-income economy in the world.
  • A total of 131 countries were analysed under the GII before arriving at the rankings for 2020.
  • Switzerland bagged the first spot in the GII ranking followed by Sweden, USA, UK and Netherlands.
  • The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation.
  • The index, compiled by World Intellectual Property Organisation (WIPO) along with Cornell University and the INSEAD business school.
  • The index was started in 2007 by INSEAD and World Business, a British magazine. The GII is commonly used by corporate and government officials to compare countries by their level of innovation
  • It is based on both subjective and objective data derived from several sources, including the International Telecommunication Union, the World Bank and the World Economic Forum.

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