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Global Innovation Index 2021

2021 SEP 21

Preliminary   > Science and Technology   >   Intellectual Property Rights (IPR)   >   Reports and indices

Why in news?

  • India has climbed two spots and has been ranked 46th in the Global Innovation Index 2021 rankings.

About Global Innovation Index (GII):

  • The Global Innovation Index (GII) is an annual ranking of countries by their capacity for and success in innovation.
  • It is published by Cornell University, INSEAD, and the World Intellectual Property Organization, in partnership with other organizations and institutions.
  • It is based on both subjective and objective data derived from several sources, including the International Telecommunication Union, the World Bank and the World Economic Forum.
  • The index was started in 2007 by INSEAD and World Business, a British magazine

More about GII:

  • The Global Innovation Index (GII) takes the pulse of the most recent global innovation trends. It ranks the innovation ecosystem performance of economies around the globe each year while highlighting innovation strengths and weaknesses and particular gaps in innovation metrics.
  • Envisioned to capture as complete a picture of innovation as possible, the Index comprises around 80 indicators, including measures on the political environment, education, infrastructure and knowledge creation of each economy.
  • The different metrics that the GII offers can be used to monitor performance and benchmark developments against economies within the same region or income group classification.

Global Innovation Index Ranking 2021:

  • Switzerland topped the league table, followed by Sweden, the US and the UK.
  • Among Asian economies:
    • South Korea jumped to the fifth position, up from 10 last year.
    • China in the 12th position.
    • India 46th rank

India in GII:

  • India has been on a rising trajectory, over the past several years in the Global Innovation Index (GII), from a rank of 81 in 2015 to46in 2021.
  • The improvement in the GII ranking is owing to the knowledge capital, start-up ecosystem, and work done by the public and the private research organizations.
  • India attributed its improved performance due to the pivotal role played by the Department of Atomic Energy, the Department of Science and Technology, the Department of Biotechnology and the Department of Space.

PRACTICE QUESTION:

Global Innovation Index is published by:

(a) Organisation for Economic Co-operation and Development

(b) World Economic Forum

(c) Confederation of Indian Industry

(d) None of the above

Answer