Global Innovation Index (GII)

Why in news?

• The Global Innovation Index (GII) has recently ranked India as the 48th most innovative nation in the world.

Who publishes it?

• The GII global ranking is published by World Intellectual Property Organisation (WIPO) – a specialized agency of United Nations in association with Cornell University and graduate business school INSEAD.
• India’s Confederation of Indian Industry (CII) is one of the knowledge partners which assists GII team in bringing out the annual ranking.

Parameters:

• GII takes into account indicators such as:
  • Rule of Law, Ease of starting a Business, Ease of Getting Credit., Ease of paying taxes Regulatory Quality, Expenditure on Education, School Life Expectancy, Political Instability and Absence of Violence/Extremism, ICT Use and Access etc.

GII 2020:

• This year, India has been ranked 48^th among 131 economies in GII.
• This is the first time India has broken into top 50.
• Since 2011, Switzerland has been ranked at the top every year. This year, Sweden follows at second place and U.S.A at third.

PRELIMS QUESTION

” Global Innovation Index” is a global ranking published by:
(a)Yale university
(b)World Intellectual Property Organization (WIPO)
(c)World Economic Forum
(d)None of the above

Answer to prelims question