Global Innovation Index (GII) – ClearIAS
The Global Innovation Index (GII) is an annual report and index that ranks countries based on their innovation performance and capabilities. The GII is widely recognized as a valuable tool for policymakers, businesses, and researchers to assess and compare innovation performance across countries. Read here to learn more.
GII is jointly published by the World Intellectual Property Organization (WIPO), Cornell University, and INSEAD, a leading global business school. The GII provides valuable insights into the innovation capacity and readiness of nations around the world.
The 2023 edition of the Global Innovation Index (GII) takes the pulse of global innovation trends against the background of an economic environment fraught with uncertainty.
It reveals the ranking of this year’s most innovative economies in the world amongst 132 economies and localizes the top 100 science and technology innovation clusters.
Global Innovation Index (GII)
The GII assesses countries based on a wide range of indicators related to innovation. These indicators are grouped into various sub-indices and pillars, including:
The GII has two sub-indices: the Innovation Input Sub-Index and the Innovation Output Sub-Index, and seven pillars, each consisting of three sub-pillars.
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The GII covers a wide range of countries, providing a comprehensive view of global innovation trends. It includes both developed and developing economies.
Global Innovation Index 2023
Now in its 16th edition, the Global Innovation Index is a leading reference for measuring an economy’s innovation ecosystem performance.
For the 13th year in a row, Switzerland is the most innovative economy in 2023 followed by Sweden, the United States, the United Kingdom, and Singapore.
Also referred to as “Science and Technology hubs”, S&T clusters are the areas in the world where the highest density of inventors and scientific authors are located.
Previous editions of GII
2022 – What is the future of innovation-driven growth?
2021 – Tracking Innovation through the COVID-19 Crisis
2020 – Who Will Finance Innovation?
2019 – The Future of Medical Innovation
GII 2023- India
India rankings in the Global Innovation Index 2023:
World Intellectual Property Organization (WIPO)
WIPO, or the World Intellectual Property Organization, is a specialized agency of the United Nations dedicated to promoting and protecting intellectual property (IP) rights worldwide.
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WIPO publishes various indices and reports related to intellectual property, innovation, and technology.
These indices are valuable tools for assessing and comparing the innovation and intellectual property capabilities of countries around the world. Some of the key indices and reports published by WIPO include:
India is a member of all three major treaties of WIPO:
It provides a holistic view of innovation ecosystems and offers guidance on how countries can foster innovation-driven growth.
However, it’s important to note that the GII is one of several indices used to measure innovation, and each index may emphasize different aspects of innovation performance.
-Article by Swathi Satish