India was ranked 40th position out of 132 in the Global Innovation Index (GII) 2022 rankings released by World Intellectual Property Organisation (WIPO).India was ranked 46th position in 2021, and 81st rank in 2015.
Highlights of the Report
Performance of India
Increase in R & D Expenditure
Venture Capital (VC) Growth
Global Innovation Index
Indicators of the index
Theme for 2022: “What is the future of innovation-driven growth”.
Effects of Two Novel Innovation Waves
The GII 2022 also outlines the positive effects of two novel innovation waves, although it emphasizes that such effects would take some time to be realized
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