India retains 40th rank out of 132 economies in the Global Innovation Index 2023 rankings published by the World Intellectual Property Organization (WIPO).
The Global Innovation Index (GII) project was launched by Soumitra Dutta in 2007.
WIPO’s association with the GII started in 2011 and it began co-publishing the GII in 2012.
The ranking was topped by Switzerland, followed by Sweden and the USA.
India has been on a rising trajectory, over the past several years in the Global Innovation Index (GII), from a rank of 81 in 2015 to 40 in 2023.
In the report, WIPO noted that, apart from India, only four other middle-income economies are among the top 40, namely, China (12th), Malaysia (36th), Bulgaria (38th), and Türkiye (39th).
World Intellectual Property Organization (WIPO)
The World Intellectual Property Organization (WIPO) is the global forum for intellectual property policy, services, information and cooperation.
In 1974, WIPO joined the United Nations (UN) family of organizations, becoming a specialized agency of the UN.
HQ: Geneva
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