Global Innovation Index Latest News
According to the World Intellectual Property Organisation’s (WIPO) Global Innovation Index (GII) 2025, R&D growth fell to 2.9 per cent in 2024 and is projected to drop further to 2.3 per cent in 2025.
About Global Innovation IndexÂ
- It is a ranking of countries as per their success and capacity in innovation.
- It was first launched in 2007, and has become the leading global benchmark for measuring and comparing innovation performance.
- It is recognized by the UN General Assembly as an authoritative reference for Science, Technology and Innovation (STI) policies.
- It is published yearly by the World Intellectual Property Organization (WIPO).
- It tracks global innovation trends through investment patterns, technological progress, adoption rates, and socioeconomic impacts.
- Significance: It provides a useful resource for government, industry, researchers and anyone with a stake in developing innovation ecosystems around the world.
Key Highlights of the Global Innovation Index 2025
- Top 5 Innovators: For the 15th consecutive year, Switzerland ranks first, followed by Sweden in second, the United States in third, the Republic of Korea in fourth, and Singapore in fifth.
- New Entrants and Rising Stars: China has entered the top 10 for the first time, securing the 10th position and leading all middle-income economies.
- Other countries like India, Türkiye, Vietnam, and Morocco are noted for their upward mobility in the rankings.
- India has risen to 38th place among 139 economies in the Global Innovation Index (GII) 2025, a remarkable improvement from its 81st rank in 2015.
Source: IE
Global Innovation Index FAQs
Q1: What is World Intellectual Property Organization (WIPO)?
Ans: It is the United Nations agency that serves the world's innovators and creators, ensuring that their ideas travel safely to the market and improve lives everywhere.
Q2: What is the rank of India in Global Innovation Index 2025?
Ans: 38
