What is Global Innovation Index?

 

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Global Innovation Index – What is Global Innovation Index?

The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation. It is published by the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations. The GII is based on a variety of metrics, including research and development investments, patent filings, and high-tech exports, as well as other indicators of innovation such as the quality of scientific publications and the presence of top-ranked universities.

 

The GII is widely regarded as a leading source of information and analysis on innovation, and is used by policymakers, business leaders, and academics around the world to understand trends in innovation and identify best practices. The index aims to help countries to benchmark themselves against others, identify areas for improvement, and develop policies and strategies to promote innovation and economic growth.

 

When Global Innovation Index was formed?

The Global Innovation Index was first launched in 2007 by the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations, in partnership with INSEAD, a leading graduate business school. Since then, it has been released annually in collaboration with other partners.

 

Goals of Global Innovation Index

The Global Innovation Index (GII) has several goals, including:

1. To provide a benchmarking tool for measuring innovation performance at the national level.
2. To identify and analyze the drivers of innovation, and their linkages to economic growth and development.
3. To facilitate the sharing of best practices in innovation policy among countries and regions.
4. To create a platform for dialogue and cooperation on innovation issues among policymakers, business leaders, academics, and other stakeholders.
5. To promote the use of innovation metrics and indicators in policy-making and research.
6. To raise public awareness of the importance of innovation for economic and social development.
7. To encourage and support innovation in developing countries, especially in low-income and lower-middle-income economies.
8. To provide a comprehensive picture of the state of innovation around the world, including emerging trends and challenges.
9. To stimulate research on innovation and its impact on society, culture, and the environment.
10. To foster collaboration and partnerships among governments, businesses, and civil society organizations to promote innovation and address global challenges.

 

What is its ranking of India in the Global Innovation Index?

as of the latest Global Innovation Index report released in 2021, India ranked 46th out of 132 countries.

Here is the ranking of India in the Global Innovation Index for the past 10 years:

1. 2022:40
2. 2021: 46
3. 2020: 48
4. 2019: 52
5. 2018: 57
6. 2017: 60
7. 2016: 66
8. 2015: 81
9. 2014: 76
10. 2013: 66

 

India's Ranking in Global Innovation Index 2023

[We'll Update it soon]

When Global Innovation Index Release the ranking?

The Global Innovation Index (GII) rankings are typically released each year in July but this is not the fixed period of the month.

FAQ's related to Global Innovation Index (GII) - UPSC Important Questions related to Global Innovation Index 2023

 

Q1. What is GII?

Answer. GII stands for the Global Innovation Index, which is an annual report that assesses and ranks the innovation capabilities and performance of countries around the world.

 

Q2. Who publishes GII?

Answer. The Global Innovation Index is published by INSEAD, the World Intellectual Property Organization (WIPO), and Cornell University.

 

Q3. What is INSEAD?

Answer. INSEAD, short for "Institut Européen d'Administration des Affaires," was founded in 1957. It has since grown into a globally recognized business school, renowned for its excellence. INSEAD's faculty comprises 165 members from 42 different countries, and the institution welcomes over 1,500 students into its various degree programs each year.

 

Q4. What does GII measure?

Answer. GII measures a country's innovation capabilities and performance.

 

Q5. How often is GII released?

Answer. GII is released on an annual basis.

 

Q6. When will the Global Innovation Index 2023 report release?

Answer.  On the 27^th of September, 2023, the Global Innovation Index 2023 report will be released.

 

Q7. What are key GII components?

Answer. The key components of GII include innovation input and innovation output indicators, which assess a country's innovation ecosystem at different stages of development.

 

Q8. Who ranked 1st in GII 2023?

Answer. We will update it once the ranks of GII 2023 are released.

 

Q9. What is the rank of India in GII 2023?

Answer. We will update it once the ranks of GII 2023 are released.

 

Q10. How does GII measure R&D?

Answer. GII measures a country's research and development (R&D) capabilities by considering factors such as R&D expenditure and the presence of research institutions.

 

Q11. What is the role of intellectual property in GII?

Answer. Intellectual property protection is assessed in GII to gauge a country's ability to safeguard innovations and encourage creativity.

 

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