Global Innovation Index
- 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.
