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Global Innovation Index 2020 released 

  • IASbaba
  • September 4, 2020
  • 0
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Global Innovation Index 2020 released 

Part of: GS Prelims and GS-III- Innovation

In news

  • Global Innovation Index (GII) 2020 was recently released. 
  • Released by: World Intellectual Property Organization (WIPO).

Key takeaways 

  • India’s rank: 48th
  • India has climbed 4 spots. 
  • With this, India ranked in the top 50 countries for the first time in the Global Innovation Index.
  • World’s most-innovative economies: (1) Switzerland, (2) Sweden, (3) USA, (4) UK and (5) Netherlands.
  • India ranks in the top 15 in indicators such as ICT services exports, government online services, graduates in science and engineering and R&D-intensive global companies.
  • India is the lower middle-income economy with the highest innovation due to universities like IIT Delhi and Bombay, IIS Bengaluru and other top scientific publications.

Do you know?

  • India was at the 52nd position in 2019 and was ranked 81st in the year 2015. 
  • The WIPO had also accepted India as one of the leading innovation achievers of 2019 in the central and southern Asian region.
  • The 2020 edition of the GII presents the annual innovation ranking of 131 economies.
  • Its 80 indicators explore a broad vision of innovation, including political environment, education, infrastructure and business sophistication.
  • The theme of GII, 2020 – Who Will Finance Innovation? 

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