Global Innovation Index
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, including 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.
Why in News?
- The Global Innovation Index 2020 was released recently.
Highlights of the Index
- India has been ranked 48th on the GII 2020 among 131 economies, breaking into the top 50 countries for the first time.
- India occupied the 52nd position in 2019 and was ranked 81st in the year 2015.
- Switzerland, Sweden, US, UK and Netherlands are in the top spots of this year’s ranking.
How India fared?
- Three ‘clusters’ — Bengaluru, Delhi and Mumbai — feature in the top 100 science & technology hotspots, further endorsing India’s presence in the global innovation economy.
- The WIPO had also accepted India as one of the leading innovation achievers of 2019 in the central and southern Asian region, as it has shown a consistent improvement in its innovation ranking for the last 5 years.
- India increased the most in three pillars: Institutions, business sophistication and creative outputs.
- However, India continued to lag in infrastructure. Also, it scored low in human capital and research.
Measures by India
- The official statement noted that NITI Aayog has been working tirelessly to ensure optimisation of national efforts in this direction by bringing policy-led innovation in different areas such as electric vehicles, biotechnology, nanotechnology, space and alternative energy sources.
- The India Innovation Index, which was released last year by the NITI Aayog, has been widely accepted as the major step in the direction of decentralization of innovation across all the states of India.
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