Source: PIB & WIPO
Union Minister of Commerce & Industry has launched the Global Innovation Index (GII) in New Delhi. This is the first time that the GII is being launched in an emerging economy. The Department for Promotion of Industry and Internal Trade (DPIIT) of Ministry of Commerce and Industry, Government of India, World Intellectual Property Organization (WIPO) and Confederation of Indian Industry (CII) are co-hosting the event.
Theme of GII-2019
Creating Healthy Lives – The Future of Medical Innovation, which aims to explore the role of medical innovation as it shapes the future of healthcare.
- The GII rankings are published every year by Cornell University, INSEAD and the UN World Intellectual Property Organization (WIPO) and GII Knowledge Partners.
- This is the 12th edition of the GII rankings of 129 economies based on 80 indicators ranging from intellectual property filing rates to mobile-application creation, education spending and scientific and technical publications.
- India jumped five places to improve its position from 57th last year to 52nd in 2019.
- Switzerland remains number one in the GII index followed by Sweden, the United States of America, the Netherlands, the United Kingdom, Finland, Denmark, Singapore, Germany and Israel.
- The GII 2019 is calculated as the average of two sub-indices;
A)The Innovation Input Sub-Index gauges elements of the national economy which embody innovative activities grouped in five pillars:
- Human capital and research
- Market sophistication, and
- Business sophistication.
B)The Innovation Output Sub-Index captures actual evidence of innovation results, divided in two pillars:
- Knowledge and technology outputs and
- Creative outputs.
- For the ninth consecutive year, the Joint Research Centre (JRC) of the European Commission audited the GII calculations.
- The core of the GII Report consists of a ranking of world economies’ innovation capabilities and results. Recognizing the key role of innovation as a driver of economic growth and prosperity, and the need for a broad vision of innovation applicable to developed and emerging economies, the GII includes indicators that go beyond the traditional measures of innovation, such as the level of research and development.
- The GII is concerned primarily with improving the journey towards a better way to measure and understand innovation and with identifying targeted policies and good practices that foster innovation.
- Knowledge partners: The Confederation of Indian Industry, Dassault Systèmes – The 3DEXPERIENCE Company, and the National Confederation of Industry (CNI) and Brazilian Micro and Small Business Support Service (Sebrae) collaborate as Knowledge Partners in 2019.
About the Confederation of Indian Industry
- The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of India, partnering industry, Government, and civil society, through advisory and consultative processes.
- CII is a non-government, not-for-profit, industry-led and industry-managed organization, playing a proactive role in India’s development process. Founded in 1895, India’s premier business association has around 9,000 members, from the private as well as public sectors.