The Global Innovation Index 2019 – 12th Edition – Diligent IAS 25/07/2019 – Posted in: Daily News – Tags:

THE GLOBAL INNOVATION INDEX 2019

 

For: Preliminary & Mains

Topics covered: About the Global Innovation Index- India vs. Global performance, Key findings

 

News Flash

India is the 52nd most innovative country globally in the 12th edition of the Global Innovation Index.

  • The report brought out by the UN World Intellectual Property Organisation, INSEAD (Cornell University) and CII (Confederation of Indian Industry).
  • GII 2019 has ranked innovation performance of 120 economies globally relying on 80 indications.
  • India, for the first time, hosted the launch of GII.

 

GII 2019 Theme: “Creating Healthy Lives – The Future of Medical Innovation”

 

India’s performance

  • India continues to be the most innovative economy in central and southern Asia since 2011.
  • India is consistently among the top in the world in innovation drivers such as
  1. ICT services exports
  2. Graduates in science and engineering
  3. The quality of universities
  4. Gross capital formation — a measure of economy-wide investments — and creative goods exports.

India stands out in the world’s top science and technology clusters, with Mumbai, New Delhi and Bengaluru featuring among the top 100 global clusters.

 

Global Performace

Switzerland led the GII 2019 as the most innovative country on earth followed by Sweden, the US, the Netherlands, the UK, Finland, Denmark, Singapore, Germany, and Israel.

 

Key Findings

  • The global landscape of science, innovation, and technology has undergone important shifts over the last decades.
  • Middle-income economies, especially in Asia, are increasingly contributing to global research and development (R&D) and international patenting rates via WIPO’s International Patent System.
  • The GII 2019 shows that public R&D expenditures – particularly in some high-income economies – are growing slowly or not at all.
  • Increased protectionism poses risks. If left uncontained, it will lead to a slowdown of growth in innovation productivity and diffusion across the globe.

 

The top five clusters:

  1. Tokyo-Yokohama (Japan)
  2. Shenzhen-Hong Kong, China (China)
  3. Seoul (Republic of Korea)
  4. Beijing (China)
  5. San Jose-San Francisco (U.S.).

 

Global Innovation Index

  • GII ranks economies according to their innovation capacity and performance.
  • It also provides valuable insights into the dynamics of global innovation.
  • It highlights economies that excel in innovation and those that are more successful in translating investments in innovation inputs into innovation outputs.
  • The Global Innovation Index published annually since 2007.
  • The GII 2019 is calculated as the average of two sub-indices.

The Innovation Input Sub-Index gauges elements of the national economy which embody innovative activities grouped in five pillars:

(1) Institutions,

(2) Human capital and research,

(3) Infrastructure,

(4) Market sophistication, and

(5) Business sophistication.

The Innovation Output Sub-Index captures actual evidence of innovation results, divided in two pillars:

(6) Knowledge and technology outputs and

(7) Creative outputs.

 

Source: The Hindu, WIPO

 

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