Global Innovation Index ranks the innovation of nearly 130 economies around the world
India has jumped five places to improve its position from 57th last year to 52nd in the Global Innovation Index (GII) 2019. This is the 12th edition of the GII rankings of 129 economies based on 80 indicators, ranging from intellectual property filing rates to mobile-application creation, education spending and scientific and technical publications.
The GII rankings are published every year by Cornell University, INSEAD and the UN World Intellectual Property Organization (WIPO) and GII Knowledge Partners. They have evolved into a benchmarking tool and are facilitating public-private dialogue where policy-makers, business leaders and other stakeholders can evaluate progress in innovation yearly.
Stated minister for commerce and industry, and railways Piyush Goyal, “The GII is a useful tool for governments to map out their strategies to foster innovation. The government complements the WIPO for its efforts in this direction.” He added that the 2019 launch of the GII in India was a significant event and recognition of the government commitment to innovation in recent years.
“The GII shows us that countries that prioritise innovation in their policies have seen significant increases in their rankings. The rise in the GII by economic powerhouses like China and India have transformed the geography of innovation, and this reflects deliberate policy action to promote innovation,” says WIPO director-general Francis Gurry. Switzerland remains number one in the GII index followed by Sweden, the US, the Netherlands, the UK, Finland, Denmark, Singapore, Germany, and Israel.