Context: The World Intellectual Property Organisation (WIPO) released the Global Innovation Index (GII) 2025.
Global Innovation Index 2025 – Key Highlights
Global Trends
- R&D Growth Decline: Slowed to 2.9% in 2024 and projected to fall further to 2.3% in 2025, the lowest since the 2010 financial crisis.
- Tech Shift: Despite the slowdown, rapid advances in AI, quantum computing, and innovation clusters are driving global competitiveness.
Top Global Performers (2025)
- #1 Switzerland – retains top spot.
- #2 Sweden, #3 United States – strong in high-tech R&D and innovation ecosystems.
- #4 Republic of Korea, #5 Singapore – lead in Asia-Pacific innovation.
- China (#10): enters Top 10, ranked #2 globally in R&D expenditure and world leader in patent filings.
India’s Performance
- Overall Rank: #38 (up from #48 in 2020).
- Regional Leader: #1 in Central & Southern Asia.
- Income Group Leader: #1 among lower-middle-income economies.
Strengths
- Knowledge & Technology Outputs: #22
- Market Sophistication: #38
Weaknesses
- Business Sophistication: #64
- Infrastructure: #61
- Institutions: #58