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July 24, 2019

India's Commerce & Industry Minister Launches Global Innovation Index Rankings 2019, authored by Cornell University, INSEAD, and WIPO.

Global Innovation Index

Global Innovation Index

Photo: The Union Minister for Railways and Commerce & Industry, Piyush Goyal, launching the Global Innovation Index - 2019, in New Delhi on 24 July 2019.

Cornell, Global Innovation Index

Insaid, Global Innovation Index

New Delhi, 24 July 2019 — Union Minister of Commerce & Industry and Railways, Piyush Goyal, launched the Global Innovation Index (GII) 2019 in New Delhi, today.

India jumped five places to improve its position from 57th last year to 52nd in 2019.

The Minister, Piyush Goyal, congratulated all those involved in the process. He said that India has made significant progress to 52nd rank in the GII-2019 and now the culture of innovation is coming to the center-stage. Mr. Goyal further said that India would not rest on past laurels until it achieves its target of positioning itself among the top 25 countries of the Global Innovation Index. To achieve this ranking, he urged all stakeholders to work in mission mode.

Piyush Goyal urged the R&D institutions, universities, and the private sector to transform the country into a hub of innovation.

The Commerce and Industry Minister in his address said that the improvement in the rankings should inspire Indians to help marginalized and underprivileged section of society. He said India needs innovative solutions to problems like rising pollution levels in cities, water crises, depleting natural resources, climate change, and food wastage.

“The rise in the GII by economic powerhouses like China and India have transformed the geography of innovation,” said WIPO Director General Francis Gurry.

Mr. Gurry thanked the Government of India for hosting the global launch of the GII. “India’s high-level focus on using innovation to foster economic development makes the country an ideal location for the GII 2019 launch,” Mr. Gurry said.

• The GII rankings are published every year by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO).

The GII rankings of 129 economies use 80 indicators ranging from intellectual property filing rates to mobile-application creation, education spending, and scientific and technical publications.

Switzerland remains number one in the GII index. Sweden follows it. The United States of America, the Netherlands, the United Kingdom, Finland, Denmark, Singapore, Germany, and Israel come after that.

Top 20 in Global Ranking

  1. Switzerland
  2. Sweden
  3. United States of America
  4. The Netherlands
  5. The United Kingdom
  6. Finland
  7. Denmark
  8. Singapore
  9. Germany
  10. Israel
  11. Korea, Republic of
  12. Ireland
  13. Hong Kong (China)
  14. China
  15. Japan
  16. France
  17. Canada
  18. Luxemburg
  19. Norway
  20. Iceland

Sources: India Ministry of Commerce & Industry, World Intellectual Property Organization (WIPO), Cornell University.

|GlobalGiants.Com|


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Edited & Posted by Surender Hastir | 1:39 PM | Link to this Post


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