Global Innovation Index, 2022

On September 29^th 2022, World Intellectual Property Organization (WIPO) released Global Innovation Index. The theme for 2022 was “What is the future of innovation-driven growth?”

• The Global Innovation Index, which is published annually, has been a leading reference for measuring an economy’s innovation performance.

Key Findings: Switzerland is the most innovative economy in the world in 2022 - for the 12th year in a row.

• It is followed by the United States, Sweden, the United Kingdom and the Netherlands.
• India was ranked 40^th position out of 132 in 2022.
• India was ranked 46^th position in 2021, and 81st rank in 2015.
• It continues to lead the world in ICT services exports and holds top rankings in other indicators, including venture capital receipt value, finance for startups and scale-ups, graduates in science and engineering, labor productivity growth and domestic industry diversification.