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Global Innovation Index 2022, Ranking List and India’s Rank

Global Innovation Index 2022

The Global Innovation Index provides a reference for measuring an economy’s innovation performance. A number of countries use the GII to assess and improve their innovation ecosystems and bring in necessary reforms in economic planning. Global Innovation Index is released by World Intellectual Property Organization (WIPO) annually. The theme of Global Innovation Index 2022 is “What is the future of innovation-driven growth?”.

Indicators used in GII 2022

Global Innovation Index use following indicators to rank countries- ‘institutions’, ‘human capital and research’, ‘infrastructure’, ‘market sophistication’, ‘business sophistication’, ‘knowledge and technology outputs’ and ‘create outputs’.

The GII 2022 outlines the positive effects of two novel innovation waves. These two novel innovation waves involve a digital age innovation wave built on supercomputing, artificial intelligence, and automation and a Deep Science innovation wave built on breakthroughs in biotechnologies, nano technologies, new materials, and other sciences.

Global Innovation Index 2022 Ranking List of Top 10 countries

Here is the list of top 10 countries listed in the Global Innovation Index 2022:

Ranking Country
1 Switzerland
2 United States
3 Sweden
4 United Kingdom
5 Netherlands
6 Republic of Korea
7 Singapore
8 Germany
9 Finland
10 Denmark

It is evident that Switzerland has secured Global Innovation Index 2022 1st rank. Switzerland is the most innovative economy in the world for the 12th year in a row. It is followed by the United States, Sweden, the United Kingdom and the Netherlands.

Global Innovation Index 2022 In Hindi

Global Innovation Index 2022 India Rank

India is ranked 40th position out of 132 in the Global Innovation Index (GII) 2022 rankings released by World Intellectual Property Organization (WIPO).

Last year India was ranked 46th. This is a big improvement if we compare this year’s rank with 81st rank in 2015. India enter the top 40 for the first time.

India is the innovation leader in the lower middle-income group. It lead the world in ICT services exports and holds top rankings in other indicators, including venture capital receipt value, finance for startups and scale ups, graduates in science and engineering, labor productivity growth and domestic industry diversification. India has also witnessed growth in R&D expenditure and Venture Capital.

About WIPO

WIPO is the global forum for intellectual property (IP) services, policy, information and cooperation. It is one of the specialized agencies of UNs. It was founded on 14 July 1967. It is headquartered in Geneva.

It is a self-funding agency with 193 member states. India was not a founder member of WIPO.

It aims to lead the development of a balanced and effective international IP system that enables innovation and creativity for the benefit of all.

SSC CGL 2022 Notification

Global Innovation Index 2022- FAQs

Q. Global Innovation Index 2022 has been released by?

Ans. GII 2022 has been released by WIPO.

Q. Where is the headquarters of WIPO?

Ans. WIPO is headquartered in Geneva.

Q. What is India’s rank in Global Innovation Index 2022?

Ans. India has been ranked 40th in GII 2022.

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