GLOBAL INNOVATION INDEX (Syllabus: GS Paper 2 – Report and Indics)

Context: Recently, India maintained its 40th position among 132 economies in the Global Innovation Index (GII) for 2023, according to the World Intellectual Property Organization's report.

Key Points of Report

• Switzerland maintains its top spot as the most innovative economy for the 13th consecutive year in 2023, with Sweden following closely behind.
• India ranked first among the 37 lower-middle group income and first among the 10 economies in Central and South America
• India maintains its 40th position overall and takes the helm in the lower middle-income group. It holds the record for overperforming on innovation for the 13th consecutive year.

Global Innovation Index (GII)

• About: The GII is a reliable tool for governments across the world to assess the innovation-led social and economic changes in their respective countries.
• Co-publishers of the Report: Cornell University, INSEAD Business School, and WIPO (World Intellectual Property Organization).
• Innovation Measurement Criteria: Institutions, human capital and research, infrastructure, credit, investment, linkages, creation, absorption, and diffusion of knowledge, as well as creative outputs.

World Intellectual Property Organisation (WIPO)

• Found: 1967
• Aim: To encourage creative activity, to promote the protection of intellectual property throughout the world”.
• WIPO currently administers 26 international treaties.
• Members: 193 countries
• Headquarters: Geneva, Switzerland.
• World Intellectual Property Day: Every year on 26th April