GLOBAL INNOVATION INDEX

Why in News?

India retains 40th rank out of 132 economies in the Global Innovation Index 2023 rankings published by the World Intellectual Property Organization. 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 to 40 in 2023. Innovation has been at the forefront of our battle against the unprecedented crisis created by the pandemic and will be pivotal in driving the country’s resilience, as enshrined in the Prime Minister’s clarion call on Atma Nirbhar Bharat.

What is Global Innovation Index?

Global Innovation Index is a leading reference for measuring an economy’s innovation ecosystem performance. Published annually by World Intellectual Property Organization, it is also a valuable benchmarking tool used by policymakers, business leaders, and other stakeholders to assess progress in innovation over time.

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.

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.

India retained 40th rank out of 132 economies and is the leader in the lower middleincome group. The consistent improvement in the GII ranking is owing to the immense knowledge capital, the vibrant start-up ecosystem, and the amazing work done by the public and private research organizations. Most importantly, the Atal Innovation Mission has played a major role in expanding the Innovation ecosystem. A constant thrust in monitoring and evaluating India’s position in the global rankings has been provided by the NITI Aayog, including in the GII.