Source – This post on Global Innovation Index (GII) 2024 is based on the article “Prime Minister Shri Narendra Modi hails India rising to 39th position in the Global Innovation Index 2024” published in PIB on 28th September 2024.
Why in News?
Recently, the Global Innovation Index (GII) was released by World Intellectual Property Organization.
About Global Innovation Index (GII)
| Aspects | Description |
| About | 1) The GII is a reliable tool for governments worldwide to evaluate the social and economic changes driven by innovation within their countries. 2) It assesses the performance of the innovation ecosystems in 133 economies and monitors the latest global innovation trends. |
| Released by | Geneva-based World Intellectual Property Organization |
| Indicators | It uses approximately 80 indicators, grouped into innovation inputs and outputs, to assess various facets of innovation across different countries. 1) Innovation Input Sub-Index: Five input pillars capture elements of the economy that enable and facilitate innovative activities. 2) 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. |
India’s Rise in the Global Innovation Index 2024
1. India’s Global Ranking: India climbed to 39th position among 133 global economies in the 2024 Global Innovation Index. The ranking highlights India’s growing innovation capabilities.
2. Regional and Economic Leadership: India is the top performer in Central and Southern Asia. It also ranks first among lower-middle-income economies worldwide.
3. Science and Technology Cluster Ranking: India secured 4th place in the World Intellectual Property Organization (WIPO) Science and Technology Cluster Ranking. Major Indian cities like Mumbai, Delhi, Bengaluru, and Chennai are listed among the world’s top 100 Science and Technology clusters.
4. Global Standing in Intangible Asset Intensity: India ranks 7th globally in intangible asset intensity, a key indicator of the country’s growing innovation strength.
5. Consistent Growth in Innovation: India’s position in the Global Innovation Index has steadily improved, rising from 81st in 2015 to 39th in 2024.
6. Innovation Outputs and Inputs in 2024: India ranks 33rd in innovation outputs, reflecting an improvement from last year. It ranks 44th in innovation inputs. India performs better in innovation outputs than in inputs, showcasing the strength of its innovative results.
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