Global Innovation Index
The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation. It is published by Cornell University, INSEAD, and the World Intellectual Property Organization, in partnership with other organizations and institutions and is based on both subjective and objective data derived from several sources, including the International Telecommunication Union, the World Bank and the World Economic Forum. The index was started in 2007 by INSEAD and World Business, a British magazine. The GII is commonly used by corporate and government officials to compare countries by their level of innovation.
The GII is computed by taking a simple average of the scores in two sub-indices, the Innovation Input Index and Innovation Output Index, which are composed of five and two pillars respectively.
- Innovation Input Sub-Index Institutions - Human capital and research, Infrastructure, Market sophistication, and Business sophistication.
- Innovation Output Sub-Index - Knowledge and technology outputs, Creative outputs
The Index provides detailed innovation metrics for over 130 economies that represent 92% of the world’s population and 97% of the world’s GDP.
The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation. It is published by Cornell University, INSEAD, and the World Intellectual Property Organization, in partnership with other organizations and institutions and is based on both subjective and objective data derived from several sources, including the International Telecommunication Union, the World Bank and the World Economic Forum. The index was started in 2007 by INSEAD and World Business, a British magazine. The GII is commonly used by corporate and government officials to compare countries by their level of innovation.
The GII is computed by taking a simple average of the scores in two sub-indices, the Innovation Input Index and Innovation Output Index, which are composed of five and two pillars respectively.
- Innovation Input Sub-Index Institutions - Human capital and research, Infrastructure, Market sophistication, and Business sophistication.
- Innovation Output Sub-Index - Knowledge and technology outputs, Creative outputs
The Index provides detailed innovation metrics for over 130 economies that represent 92% of the world’s population and 97% of the world’s GDP.
SUBJECT Variables
OVERALL PERFORMANCE
- In 2023, India got an overall score of 38.1 on a scale of 100 on the Global Innovation Index (GII) - equating to a 38.1% achievement on the index. India's overall performance score in 2022 was the highest since 2013.
- India is currently ranked 40th amongst 132 countries on the Global Innovation Index.
- The comparatively higher score for 'Input' reveals that India's capability and potential in inputs to enable innovation is not being realized effectively in the form of tangible creative outputs.
- India continues to lag behind in areas such as business sophistication and creative outputs where its performance achievement level on GII 2022 is 39.7% and 30.3% respectively.
SUB-INDEX
The GII is computed by taking a simple average of the scores in two sub-indices - Innovation Input and Innovation Output.
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