Top five economies that showed largest decline in innovation score (from 17th in 2018), and thus firmly establishing itself in the group of leading innovative nations. It is interesting to note that the employment rate of women with higher education has been recorded in extremely high positions (4-6 positions) since included in the Global Innovation Index in 2015. This can be seen by India which jumped five places in the rankings … are : Croatia (-2.9), Qatar (-2.7), Niger (-2.5), Madagascar (-2.4), and Bulgaria (-2.3). The 12 th report of Global Innovation Index (GII) was launched in India on 24 th July 2019. As the power of medical decisions moves farther away from medical professions, regulators, governments, business and civil society need to establish limits to the ways in which the holders of big data and advanced algorithms can make or influence health decisions. Image source: Global Innovation Index 2019. India is now ranked 52nd on the Global Innovation Index (GII) 2019, a jump of 5 places over last year, and 29 places in the last five years - up from 81 in 2015. The Government of India compliments the World Intellectual Property Organization for its efforts in this direction.”, “While the Global Innovation Index ranks economies according to their innovation capacity and performance, it also provides valuable insights into the dynamics of global innovation: It highlights economies that excel in innovation and those that are more successful in translating investments in innovation inputs into innovation outputs. India has improved its ranking in the Global Innovation Index for the year 2019 by jumping four ranks taking India into the 50 top innovative countries of the world at 48 th rank. The GII is a useful tool for governments to map out their strategies to foster innovation. The GII 2019 special theme analyzes the medical innovation landscape of the next decade, looking at how technological and non-technological medical innovation will transform the delivery of healthcare worldwide. In Europe, Switzerland takes the lead, ranking 1 st overall in the GII for the ninth consecutive year. Rankings 2019 Rank Economy 2018 Rank Change 1 Switzerland 1 0 2 Sweden 3 1 3 United States of America (the) 6 3 4 Netherlands (the) 2 -2 5 United Kingdom (the) 4 -1 6 Finland 7 1 7 Denmark 8 1 8 Singapore 5 -3 9 Germany 9 0 10 Israel 11 1 11 Republic of Korea (the) 12 1 12 Ireland 10 -2 13 Hong Kong, China 14 1 14 China 17 3 15 Japan 13 -2 16 France 16 0 17 Canada 18 1 18 Luxembourg 15 -3 … Middle East, Asia, Europe 24 July 2019. Global Innovation Index (GII)-2019 - JournalsOfIndia Source: PIB & WIPO moved up by 3 place where as India improved its rank by 5. The report … The time has come for the healthcare sector to leverage the tremendous power of the virtual world to push the bounds of possibility and transform research, science, the pharmaceutical industry and medicine.”, “The GII highlights that innovation is directly linked to development and competitiveness. The description is … India has climbed 4 spots and has been ranked 48 th by the World Intellectual Property Organization in the Global Innovation Index 2020 rankings. Madrid – The International Trademark System, Lisbon – The International System of Geographical Indications, Budapest – The International Microorganism Deposit System, Centralized Access to Search and Examination (CASE), SCCR - Standing Committee on Copyright and Related Rights, SCP - Standing Committee on the Law of Patents, SCT - Standing Committee on the Law of Trademarks, IGC - Intergovernmental Committee on IP & GR, TK & Folklore, India and the GII: An Innovation Success Story (news article), Theme Section: Creating Healthy Lives — The Future of Medical Innovation. The 2020 ranking … infrastructure and business sophistication. Source: PIB & WIPO Union Minister of Commerce & Industry has launched the Global Innovation Index (GII) in New Delhi. Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News on everything pertaining to technology The Global Innovation Index is a leading reference for measuring an economy’s innovation performance. Unprecedented challenges need urgent attention in ethical, social and economic dimensions. This can be seen by India which jumped five places in the rankings … the only middle-income economy in the top 30. Lessons from these innovation leaders provide useful guidance on innovation policy for others.”, “Innovation in the field of health is now being increasingly driven by data (Internet of Things) and artificial intelligence, in both diagnosis and prognosis. China remains Video: Find out which economies made the top 10 in the GII 2019, Find out more about all of the key findings in the report, Innovation is blossoming despite economic slowdown, Innovation is changing to encompass rising economies, An innovation “glass ceiling” persists, dividing economies, Return on innovation investment can vary greatly, Shifting from innovation quantity to quality is a priority, Innovation clusters are mostly in the US, China and Germany, (Image credits left to right: Getty Images/Xu Bing/Matijaz Slanic/Maxger/Maxger/rendixalextian/gremlin), Infographic: Top five innovation economies globally, by region and by income group, Infographic: Global leaders in different dimensions of the GII 2019. Since 2011 so far, the Ecological Sustainability Index (ranging from 4-25 places, in 2019 – 14 position) has remained high. Collaborative experience platforms are the infrastructure of this change. NEW DELHI: India improved its ranking in the global innovation index by five places to 52nd in 2019 from 57th position last year, according to a report released Wednesday. In addition to ranking the world’s most innovative economies, the index highlights regional leaders in innovation (the US, Chile, Switzerland, India, South Africa, Israel and Singapore) and the best performers by income group (Switzerland, China, Vietnam and Rwanda). India has been lauded for the fast pace at which it has been improving its ranking in this index. Cornell University, INSEAD, and the World Intellectual Property Organization jointly developed the Innovation Index to make nations aware of the importance of innovation. The Global Innovation Index is a leading benchmarking tool for business executives, policy makers and others seeking insight into the state of innovation around the world. the largest improvements in innovation score. This is the full ranking of the 2019 report: Commerce and Industry Minister Piyush Goyal released the Global Innovation Index (GII) rankings here. Four economies entered the Innovation Index for the first time: Algeria -- which made an especially strong debut at No. India is at the 48 th position in the list of top 50 innovative countries. A majority of African countries recorded poor turnout in the latest edition of the Global Innovation Index (GII) titled Creating Healthy Lives – The Future of Medical Innovation, which was released this week.. The aim of the Global Innovation Index is to provide insightful data on innovation and, in turn, to assist economies in evaluating their innovation performance and making informed innovation policy considerations. In 2020, the Global Innovation Index (GII) presents its 13th edition dedicated to the theme Who Will Finance Innovation? Global Innovation Index 2019: India makes major gains as Switzerland, Sweden, U.S., Netherlands, U.K. top ranking; trade protectionism poses risks for future innovation Released jointly by INSEAD, WIPO, Cornell University and the 2019 GII Knowledge Partners. The annual global index, which ranks the innovation performance of nearly 130 economies around the world, took into consideration key indicators such as business sophistication, … Video: Overview of main points covered in the Global Innovation Index 2019, Video: Asia - The Future Hub of Innovation (panel discussion), Video: Speakers discuss the importance of innovation (welcoming session), Video: The future of healthcare (panel discussion), Video: Speeches at the launch of the GII 2019, Video: Research and development in India (panel discussion). Globally, however, it slipped three notches from last year to place eighth due to poorer results in innovation input. Results should be interpreted in this context. 24 July 2019. 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