Global Innovation Index (GII)
Posted on : 01 Jan 2020
Views: 1137- India improved its ranking in Global Innovation Index, 2019 by five notches to 52nd position in a survey of innovative capacity among 129 countries by the World Intellectual Property Organization (WIPO).
- India also outperformed on innovation relative to its GDP per capita for nine consecutive years, only matched by three other countries (Vietnam, Republic of Moldova and Kenya).
- India improved its ranking in 4/7 pillars of GII, such as knowledge and technology outputs (up 11 spots to 32nd), market sophistication (up 3 spots to 33rd), human capital and research (up 3 spots to 53rd), institutions (up 3 spots to 77th). By contrast, in business sophistication (65th), infrastructure (79th), creative outputs (78th), it lost one, two and three spots respectively.
- According to WIPO India’s improvement in the year 2019 is largely due to its relative performance and less so to new GII data or methods.
- India is consistently among the top in the world in innovation drivers such as ICT services exports, Graduates in science & engineering, the quality of universities, Gross capital formation—a measure of economy-wide investments—and creative goods exports.
Article Related Questions
-
Global Innovation Index is published by?
1.World Economic Forum
2.Human Development Innovation Fund
3.United Nations Conference on Trade and Development
4.World Intellectual Property Organization
Right Ans : World Intellectual Property Organization
Read More Current-Affairs Articles
