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Analysis of Global Innovation Index

Analysis of Global Innovation Index

Key Information:

Released on: 2007
Released By:  World Intellectual Property Organization
Edition: 10th
No. of Countries included: 130

What is Global Innovation Index?

  • The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation. 

Important facts about Global Innovation Index

  • It is started in 2007 for the first time by INSEAD and World Business, Cornell University and the World Intellectual Property Organization in association with many other organisations and institutions. 
  • It is based on subjective and objective data which derives from several resources like the International Telecommunication Union, the World Bank and the World Economic Forum. 
  • The index is generally used by corporate and government officials to compare countries by their level of innovation and modification. 
  • It is calculated very simply by taking a simple average of the scores in two sub-indices 
  • The Innovation Input Index is formed by using five pillars which represent traits of innovation. 
  • Innovation Output Index which is composed of two pillars. 

Key Findings of Global Innovation Index

1) Crafting the foundations for innovation-driven growth while the global economy is at an important turning point
  • Recently due to many turns and twists and changes in structure, innovation index goes high. 
  • Innovation driven economic development is the most important achievable goal and further, it will help to slow down economic development cycle. 
  • Innovation policy works as a powerful tool for change and boosts confidence to invest in the economy. 

2) Smart, digital agricultural innovation and a better uptake of innovation in developing countries can help overcome serious food challenges
  • An innovation drive is essential for the agricultural productivity and innovative agricultural system. 
  • Innovation in agriculture system helps to bring the status of low and middle-income people. 
  • A new technological development in agriculture helps to subdue staggering productivity. 
  • From the last many years, innovation in agriculture like digital agriculture brings healthy and strong food system. 

3) More innovation convergence is needed globally, with developing countries perfecting their innovation systems
  • Innovation becomes a core element in developing as well as developed countries. 
  • Switzerland holds the first position for last 7 years and countries like the Netherlands, Denmark, China, Germany, Japan and Israel move up fast. 
  • The innovation index is led by high-income countries like USA, UK and Japan while China is the only middle-income countries. 
  • By region wise, Innovation index is high in Northern America, Eupore, and South East Asia, East Asia, and Oceania lead followed by Northern Africa and Western Asia, Latin America and the Caribbean, Central and Southern Asia and finally, Sub-Saharan Africa. 

4) Opportunities have emerged to leverage the rise of new East Asia Innovation Tigers, fostering deeper regional innovation networks and benefitting from the rise of India
  • Asia becomes one of the most important pillars of innovation in the 21st century. 
  • Recently Northern America, Eupore and Japan are proved to be a powerful and driving force of global innovation. 
  • A new dynamic model of innovation development, high tech value chains and innovation network plays an important role. 

5) Preserving the innovation momentum in Sub-Saharan Africa and tapping the innovation potential in Latin America are priorities
  • Innovation index is maintained in Sub-Saharan Africa region and performed much better than any other country. 
  • Countries like Latin America and the Carribean are making efforts to achieve and meet the goal. 
  • From the last five years, Kenya, Rwanda, Senegal, Uganda, Mozambique, and Malawi stand at the front. 

6) The largest sub-national clusters of inventive activity, as measured by patenting, include Tokyo–Yokohama, Shenzhen–Hong Kong (China), and San Jose–San Francisco, CA
  • This is the first time ever that Global Innovation Index takes the first step to evaluate sub-national innovation clusters. 
  • There are two reasons behind discussing this parameter 
1) Imperative for national innovation performance
2) Use Global Innovation Index evaluate innovation clusters more broadly at sub-national level

Top 10 countries in Global Innovation index 2017

Rank Name of country
4United States
5United Kingdom

G-7 countries in Global Innovation index 2017

Rank Name of country
4United States
5United Kingdom

BRICS Countries in Global Innovation index 2017

Rank Name of country
57South Africa

India’s rank among neighbouring countries

Rank Name of country
Sri Lanka90

Potential of India in Innovation

  • India's rank in 2017 is 60 and in 2016 are 66, so India moves 6 ranks ahead as compared to last year. 
  • In India, from the last many years India has been trying to move fast in innovation and reached almost nearby. 
  • India has made a poignant improvement in ICT service, import and export, investment and education. 
  • To achieve a goal in innovation, The Ministry of Commerce and Industries, Ms Nirmala Sithraman has set a special task force committee. 
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