Global Innovation Index 2022

September 30, 2022

The Global Innovation Index 2022 was released recently by World Intellectual Property Organization (WIPO).

Key findings

Switzerland topped the Global Innovation Index for the 12^th consecutive year. It leads the world in innovation outputs and specifically in patents by origin, software spending, high-tech manufacturing and production as well as export complexity.
The second position was held by the United States, followed by Sweden, the United Kingdom and the Netherlands.
The ranking of the most innovative economies takes into consideration infrastructure and technology outputs, human and capital research, business sophistication etc.
India has climbed 6 positions to 40^th rank in the GII due to improvements in several parameters.
India’s performance is above average among the upper middle-income countries group in almost all innovation pillars, with exception to infrastructure, where the country scored below average.
India is the top performer among the South Asian countries.
It is the innovation leader in the lower middle-income group and it continues to lead the world in the information and communication technology (ICT) services exports.
It is the top performer in indicators like venture capital receipt value, finance for startups and scaleups, graduates in science and engineering, labour productivity growth and domestic industry diversification.
According to the report, India and Turkiye entered the top 40 for the first time, with Turkiye being ranked at 37th position.
India has overtaken Vietnam (48^th rank) as the top lower middle-income economy for innovation.
The index held that middle-income countries China, Turkiye and India are changing the innovation landscape and Iran and Indonesia have the potential to boost innovation.
China was ranked at 11^th position in this index.

WIPO

World Intellectual Property Organization (WIPO) is one of the specialised agencies of the UN. It is involved in the promotion and protection of intellectual properties at the international level through collaborations with governments and international organizations. It started operating in 1970 after the 1967 Convention Establishing the World Intellectual Property Organization came into effect.

« Previous Post Next Post »