Global Innovation Index 2018

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Context:

  • India was ranked 57th in the latest Global Innovation Index (GII) rankings released in New York. India was ranked 60th in the year 2017 which shows that it has been constantly climbing up its GII rankings since 2015.

About the Report:

  • According to reports, India has maintained its top place in the central and South Asia region and has consistently moved up the global ranking from 81st in 2015 to 57th in the year 2018. The country has climbed for the third year in a row, as it was ranked 66th in the year 2016.
  • On the global front, Switzerland maintained its number one position in the Global Innovation Index rankings. Other countries that fell in the top 10 list were Netherlands, Sweden, the UK, the US, Finland, Denmark, and Germany.
  • China, scored the rank 17th rank this year, which is an upgrade from the previous 44th rank in 2017.
  • Chandrajit Banerjee, DG, Confederation of Indian Industry (CII), said, “Given its size and innovation development, India has the potential to make a true difference to the global innovation landscape in the years to come. The Indian government and CII are working closely with the GII team to further improve the Indian innovation performance.”
About Index:
  • It is published by Cornell University, INSEAD, and the World Intellectual Property Organization, in partnership with other organizations and institutions.
  • It ranks nations based on 80 indicators.
  • 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.