Global innovation index 2022 india rank

Global Innovation Index 2022: Switzerland, the U.S., and Sweden lead the Global Innovation Ranking; China Approaches Top 10; India and Türkiye Ramping Up Fast; Impact-Driven Innovation Needed in Turbulent Times Geneva, September 29, 2022 PR/2022/895 • • • • • • Switzerland, the United States, Sweden, the United Kingdom and the Netherlands are the world’s most-innovative economies, according to Video: Press conference The report shows that research and development (R&D) and other investments that drive worldwide innovative activity continued to boom in 2021 despite the COVID-19 pandemic, but challenges are emerging in translating innovation investments into impact. The GII finds that productivity growth - normally spurred by increased innovation - has in fact stagnated. It also finds that current technological progress and adoption show signs of slowing growth despite the recent flourishing of R&D expenditure and venture capital investments. However, with more careful and attentive nurturing of innovation ecosystems, a new era of innovation-driven growth led by Digital Age and Deep Science innovation waves could take off. This year’s GII finds that innovation is at a crossroads as we emerge from the pandemic. While innovation investments surged in 2020 and 2021, the outlook for 2022 is clouded not just by global uncertainties but continued underperformance in innovation-driven productivity. This is why we need to pay more attention to not just investing in innovation, but h...

The World Intellectual Property Organization (WIPO) in its statement said, “India continues to lead the world in ICT (information and communication) services exports and holds top rankings in other indicators, including venture capital receipt value, finance for start-ups and scale-ups, graduates in science and engineering, labor productivity growth and domestic industry diversification.” “We have to make India a global centre of research and innovation in this Amrit Kaal. States should adopt best practices from other states. This will be a step to-wards ensuring timely and effective implementation of science-led development programmes in the country,” PM Modi had said in his address to the nation on August 15.

India has climbed six spots to rank at 40th position in the Global Innovation Index (GII) 2022 rankings. The GII is an annual ranking of the the most innovative economies in the world. The index ranks the innovation performance of around 132 economies while highlighting innovation strengths and weaknesses. India has been on a rising trajectory in the GII rankings, and has climbed 41 places in the index in seven years. In 2015, India was ranked at 81st position, which improved to 46th in the GII 2021 rankings. The rankings are released by the World Intellectual Property Organisation (WIPO) After the release of the index, Commerce and Industry Minister Piyush Goyal tweeted that India is “innovating like never before” under the leadership of Prime Minister Narendra Modi. "The steady rise testifies that India under the leadership of PM Narendra Modi ji is rapidly emerging as the global innovation hub," he said. Switzerland, as per the rankings, is the most innovative economy in the world in 2022 - for the twelveth year in a row - followed by the United States, Sweden, the United Kingdom and the Netherlands. China is nearing the top 10 while Türkiye and India India leads the Central and Southern Asia region and reaches the top 40, after making it into the top 50 in 2020, according to a WIPO India is followed in the region by Iran, which ranked 53 in the index, and Uzbekistan, which secured 82nd spot in the rankings. "India is the innovation leader in the lower middle-income gro...

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