innovation

India Ranks 48 In Global Innovation Index – Free PDF Download

 

 

  • WIPO was created to promote and protect intellectual property(IP) across the world
  • By cooperating with countries as well as international organizations.

 

 

About Global Innovation Index

  • The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation.
  • The index, compiled by the World Intellectual Property Organization (WIPO), along with Cornell University and the INSEAD Business School.
  • The 2020 edition presents the latest global innovation trends and the annual innovation ranking of 131 economies.

 

 

 

  • India increased the most in three pillars:
  • Institutions (61, from 77 in 2019),
  • Business sophistication (55, from 65 in 2019),
  • Creative outputs (64, from 78 in 2019), it noted.
  • India also bettered its rank in both Intellectual property payments (27, from 29 in 2019) and research talent (38, from 46 in 2019).
  • However, India continued to lag in infrastructure, even as it moved up four notches to come in at 75, from 79 in 2019.
  • Also, it lost seven places to move down to 60 in human capital and research, from 53 in 2019.

How much India spent on Innovation?

  • Gross domestic expenditure on research and development (GERD) in India increased to $63.2 billion in 2017–2018, from $50.3 billion in 2014–2015, Accounting for 2.9-per cent share in the world.
  • GERD in India is mainly driven by the government sector, Of which 45.4% is the central government, 6.4% state governments, 6.8% higher education, and 41.4% industry.

 

 

 

 

 

Conclusion

  • The GII report could be India’s one-stop reference to plan and accelerate our journey towards the future we imagine for our people.
  • The govt should discuss it with others, and consider ways we can improve as individual nations and as a global community.

 

 

 

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