About the Index

• Global Innovation Index (GII) is co-published annually by Cornell University, INSEAD Business School, and the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations.
• GII ranks global economies according to their innovation capabilities, using roughly 80 indicators, grouped into innovation inputs and outputs.
• The metrics include institutions, human capital and research, infrastructure, market sophistication and business sophistication, knowledge and technology outputs and creative outputs.
• Over the years, the GII has established itself as a policy tool for various governments and helped them to reflect upon the existing status quo.

Why in News?

• Commerce and Industry Minister Piyush Goyal has stressed that consistent efforts must be done to bring India among the top 10 countries in the global innovation index.

Reference:

1. https://newsonair.gov.in/News?title=Consistent-efforts-to-bring-India-among-top-10-countries-in-Global-Innovation-Index%3a-Commerce-Minister-Piyush-Goyal&id=449411