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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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