Global Innovation Index 2022

Global Innovation Index 2022

• Publisher: The Global Innovation Index 2022 is released annually by the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations.
• Objective: It ranks the innovation performance of around 132 economies while highlighting innovation strengths and weaknesses.
• Indicators: The Index comprises around 80 indicators grouped into innovation inputs and outputs.
  • Innovation inputs: Institutions; Human capital and research; Infrastructure; Market sophistication; Business sophistication.
  • Innovation outputs: Knowledge and technology outputs; Creative outputs.

Global Innovation Index 2022: Important Highlights

• Global Performance:
  • Switzerland – for the 12th year in a row – ranked first in the Global Innovation Index 2022. The United States climbed to 2nd position.
  • China moves up to 11th place, overtaking France; for now, it firmly remains the only middle-income economy within the GII top 30.
  • In 2022 – as in previous years – the top 100 science and technology (S&T) clusters are concentrated in three regions – Northern America, Europe and Asia – and in two countries especially: China and the United States.

Global Innovation Index 2022: Key Initiatives taken by the Government

• Startup revolution: India has emerged as the third largest startup ecosystem in the world after the US and China and is home to over a 100 unicorns.
  • Startup India Initiative: Launched in 2016 with the objective of supporting entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers.
  • SAMRIDH Programme: Start-up Accelerators of MeitY for Product Innovation, Development and growth (SAMRIDH), launched in 2021, to create a conducive platform to Indian Software Product start-ups.
  • Startup India Seed Fund: Announced in 2021 to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.
• Digital revolution: India is the fastest growing country in terms of Internet usage, with over 700 million users and the number projected to rise to 974 million by 2025. And, 40% of global real-time digital transactions happened in India last year.
  • Digital India Programme: Launched in July 2015 to transform India into a digitally enabled knowledge-based economy.
  • JAM Trinity: JAM stands for Jan Dhan Yojana, Aadhaar and Mobile number. JAM trinity enables the Indian government to make payments more effectively and inclusively.
• IPR Reforms: India has taken up structural reforms to strengthen its IPR regime including modernization of IP office, reducing legal compliances and facilitating IP filing for start-ups, women entrepreneurs, the small industries and others.
  • Domestic filing of Patents registered a 46% growth in the last 5 years.
• National Education Policy (NEP) 2020: NEP promotes the spirit of enquiry by setting up incubation & technology development centers.
• Atal Innovation Mission (AIM): Launched in 2016, AIM aims to create and promote a culture of innovation and entrepreneurship across the length and breadth of our country.

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