Global Innovation Index 2024

About Global Innovation Index:

• It is published by the World Intellectual Property Organization.
• It is a reliable tool for governments across the world to assess the innovation-led social and economic changes in their respective countries

Key Highlights of the Global Innovation Index 2024

• India has been ranked first among 10 economies in Central and Southern Asia, further emphasizing its regional dominance in innovation.
• India has also secured the 4th position in the World Intellectual Property Organization (WIPO) Science and Technology (S&T) Cluster Ranking.
• Major cities like Mumbai, Delhi, Bengaluru, and Chennai are listed among the world's top 100 S&T clusters, which are hubs for research, development, and technological advancements.
• India has achieved the 7th rank globally in intangible asset intensity, which measures the strength of non-physical assets like patents and trademarks, essential for driving innovation.

Key points about the World Intellectual Property Organisation

• It works with the vision of encouraging creative activity and promoting the protection of Intellectual Property throughout the world.
• WIPO is one of the 15 specialised agencies of the United Nations.
• Currently, there are 193 members of the World Intellectual Property Organisation.
• Headquarter: Geneva.

Q1: What is the United Nations organization?

The United Nations (UN) is an intergovernmental organization that was established with the purpose of promoting international cooperation and maintaining peace and security among its member states. 

Source: India jumps 42 spots in 9 years, ranks 39th in Global Innovation Index 2024