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September 28, 2023

India retains 40th rank in the Global Innovation Index 2023., while Switzerland, Sweden, and the U.S. lead the Global Innovation Ranking.

• India retains 40th rank in the Global Innovation Index 2023.

Global Innovation Index 2023

New Delhi, September 28, 2023 — India maintained its 40th rank out of 132 economies in the Global Innovation Index 2023 rankings published by the World Intellectual Property Organization (WIPO). This rank is the outcome of India’s immense knowledge capital, vibrant start-up ecosystem, and remarkable work by research organizations.

NITI Aayog has worked to optimize policy-led innovation in various areas, monitored and evaluated India’s position in the global rankings, and expanded the innovation ecosystem in states and districts.

The Global Innovation Index is a reliable tool for governments to assess innovation-led social and economic changes. The virtual launch of the Global Innovation Index 2023 will be hosted by NITI Aayog, in partnership with the CII and WIPO, on September 29, 2023.

Source: NITI Aayog


• Switzerland, Sweden, and the U.S. lead the Global Innovation Ranking.

Global Innovation Index 2023

Geneva, Switzerland, September 28, 2023 — According to the Global Innovation Index (GII) released by WIPO, Switzerland, Sweden, and the United States lead the world’s most innovative economies in 2023.

The report tracks global innovation trends in more than 130 economies using 80 indicators, providing policymakers and business leaders with guidance on stimulating human ingenuity.

The GII top 30 features only one middle-income economy - China, ranking 12th, while Israel (14th) is back among the top 15. The ranking also highlights a group of middle-income economies that have emerged as the fastest climbers over the past decade, including Indonesia (61st), Türkiye (39th), India (40th), Viet Nam (46th), the Philippines (56th), and the Islamic Republic of Iran (62nd).

The report identifies an increasingly uncertain outlook for venture capital (VC) that helps transform human ingenuity into new products and services. Last year, the global value of VC funding marked a significant plunge.

The annual ranking reveals that focusing on the innovation ecosystem can make a difference and that emerging economies consistently climb the GII ranks.

The report urges policymakers worldwide to leverage the rich and trusted source of data and information provided by GII to craft pro-innovation policies that unleash the innovative potential of their people.

Source: WIPO


— The editor is a WIPO Academy alumnus. StumbleUpon reddit Facebook Google Plus Tweet This Seed This on Newsvine

Edited & Posted by the Editor | 7:47 AM | Link to this Post

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