About the Index:
- It is published by the World Intellectual Property Organization (WIPO) in partnership with the Portulans Institute and with the support of corporate network partners.
- GII continued to be co-published by Cornell University, INSEAD and WIPO up to 2020.
Objective: The index ranks 132 world economies according to their innovation capabilities.
Indicators used: The index ranks countries based on roughly 80 indicators which are:
- Innovation Input Sub-Index: Five input pillars capture elements of the economy that enable and facilitate innovative activities.
- Innovation Output Sub-Index: Innovation outputs are the result of innovative activities within the economy.Although the Output Sub-Index includes only two pillars, it carries the same weight as the Input Sub-Index in calculating the overall GII scores.
- The overall GII score is the average of the Input and Output Sub-Indices, on which the GII economy rankings are then produced.
key findings of the Global Innovation Index 2021:
Findings related to India:
- India has been ranked 46th in the Global Innovation Index 2021 rankings. It was ranked at 48th in 2020 and 81 in 2015.
- Graduates in science and engineering disciplines and global corporate research and development investors are India’s strengths.
- India ranks 2nd among the 34 lower middle-income group economies.
- India ranks 1st among the 10 economies in Central and Southern Asia.
Other findings:
- Switzerland has topped the index. It was followed by Sweden, the US and the UK.
- Among Asian economies, South Korea jumped to the fifth position, up from 10 last year. China was in the 12th position.
