Global Innovation Index (GII): India Ranks 57th

India moves up in ranks! In the recently released Global Innovation Index (GII) 2018, India was ranked 57th among 130 countries.

• It was the 11th edition of GII and was jointly released by Cornell University, INSEAD and World Intellectual Property Organisation (WIPO).
• This year, India has moved up 3 places as compared to 60th rank in GII 2017 and emerged as top-ranked economy in Central and South Asia.

Top 10 countries by rank in 2018:

1. Switzerland
2. Netherlands
3. Sweden
4. UK
5. Singapore
6. USA
7. Finland
8. Denmark
9. Germany
10.Ireland

Facts related to India:

• India has maintained its top place in central and South Asia region.
• It has been consistently moving up on global ranking from 81st in 2015 to 57th this year.
• In fact, it has climbed up the list third year in row.
• It ranked at 66th position in 2016 and 60th last year.
• These indicators have helped India to improve its ranking. It includes India’s human capital (graduates in science & engineering), growth rate of GDP per worker, exports of information and communication technology (ICT) and services, productivity growth and creative goods exports etc.
• However, India has fared badly on indicators such as ease of starting business, political stability and safety, overall education and environmental performance.

About Global Innovation Index (GII):

• 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.
• It ranks nations based on 80 indicators, ranging from intellectual property filing rates to R&D, online creativity, mobile application creation, computer software spending, education spending, scientific & technical publications and ease of starting business.
• India’s Confederation of Indian Industry (CII) is one of the knowledge partners which assists GII team in bringing out the annual ranking.
• GII is published annually since 2007 and is considered leading benchmarking tool for business executives, policy makers and others seeking insight into state of innovation around the world.
• It is being used by them to evaluate progress on continual basis.