India Climbs to 46th Rank in The Global Innovation Index.

India climbs the Global Innovation Index (GII) 2021, ranked by World Intellectual Property Organization (WIPO), and lands on 46th Rank.
Sheena

Updated: Sep 22, 2021 05:16:30 pm

22 September 2021 Current Affairs:India climbs the Global Innovation Index (GII) 2021, ranked by World Intellectual Property Organization (WIPO), and lands on 46th Rank.

Highlights:
♦India has been climbing spots on the Global Innovation Index(GII) for several years now. 
♦In 2015, India was in 81st Rank and climbed to 46th in the 2021 Global Innovation Index.
♦The Excellent performance by the Department of Atomic Energy, the Department of Science and Technology, the Department of Biotechnology, and the Department of Space are the reasons for the Improved performance by India. 
♦Switzerland, Sweden, the US, and the UK are on the top of the Index.
♦South Korea has the 5th Position now and China in the 12th Position.

Global Innovation Index
♦Global Innovation Index is an annual ranking released by Cornell University, INSEAD, and the World Intellectual Property Organization to the countries based on their capacity and success in Innovation.
♦The Objective and subjective data is derived from various sources like the International Telecommunication Union, the World Bank, and the World Economic Forum.
♦Professor Soumitra Dutta created the Index in 2007 with INSEAD and World Business, a British magazine.
♦The GII is computed by taking a simple average of the scores in two sub-indices, the Innovation Input Index and Innovation Output Index, composed of five and two pillars.
 
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