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Global Innovation Index 2024 - UPSC Economy
What is Global Innovation Index 2024 in UPSC Economy?
Global Innovation Index 2024 is a key topic under Economy for UPSC Civil Services Examination. Key points include: India ranked 39th in Global Innovation Index (GII) 2024, improving from 40th in 2023.. GII is a key reference for evaluating an economy’s innovation ecosystem.. The GII is published annually by the World Intellectual Property Organization (WIPO).. Understanding this topic is essential for both UPSC Prelims and Mains preparation.
Why is Global Innovation Index 2024 important for UPSC exam?
Global Innovation Index 2024 is a Medium-level topic in UPSC Economy. It is tested in both Prelims (factual MCQs) and Mains (analytical answer writing). Previous year UPSC questions have frequently covered aspects of Global Innovation Index 2024, making it essential for comprehensive IAS preparation.
How to prepare Global Innovation Index 2024 for UPSC?
To prepare Global Innovation Index 2024 for UPSC: (1) Study the comprehensive notes covering all key concepts on Vaidra. (2) Practice previous year questions on this topic. (3) Connect it with current affairs using daily updates. (4) Revise using key takeaways and mind maps available for Economy. (5) Write practice answers linking Global Innovation Index 2024 to related GS Paper topics.
Key takeaways of Global Innovation Index 2024 for UPSC
- India ranked 39th in Global Innovation Index (GII) 2024, improving from 40th in 2023.
- GII is a key reference for evaluating an economy’s innovation ecosystem.
- The GII is published annually by the World Intellectual Property Organization (WIPO).
- WIPO is the global forum for Intellectual Property (IP) services, policy, information, and cooperation.
- India's consistent improvement reflects effective policy interventions and a growing innovation culture.
Global Innovation Index 2024
Medium⏱️ 6 min read
economy
📖 Introduction
India's Performance in Global Innovation Index 2024
India has demonstrated consistent progress in the Global Innovation Index (GII), securing the 39th position among 133 global economies in the 2024 rankings. This marks a notable improvement from its previous standing.
In the preceding year, 2023, India was ranked 40th out of 132 economies. This upward trajectory underscores the nation's ongoing efforts in fostering a robust innovation ecosystem.
India's GII Rankings:
- 2024: 39th position (out of 133 economies)
- 2023: 40th position (out of 132 economies)
Understanding the Global Innovation Index (GII)
The Global Innovation Index serves as a crucial benchmark for assessing the innovation performance of economies worldwide. It provides a comprehensive framework for evaluating various aspects of a country's innovation landscape.
Purpose of GII: The GII is a key reference for evaluating the performance of an economy’s innovation ecosystem. It helps in understanding strengths and weaknesses.
Published annually, the GII is a product of the World Intellectual Property Organization (WIPO). It is widely recognized as a valuable tool for various stakeholders.
Policymakers, business leaders, and other stakeholders utilize the GII as a benchmarking instrument. It guides strategic decisions and policy formulations aimed at enhancing national innovation capabilities.
Role of the World Intellectual Property Organization (WIPO)
The World Intellectual Property Organization (WIPO) is an international body dedicated to promoting intellectual property protection globally. It plays a central role in the development and dissemination of the GII.
WIPO's Mandate: WIPO serves as the global forum for Intellectual Property (IP) services, policy, information, and cooperation. It facilitates the creation and protection of IP rights across member states.
WIPO's work ensures that innovation is recognized, protected, and incentivized, which is fundamental to global economic and social development. The GII is one of its flagship publications reflecting this commitment.
UPSC Insight: Questions on international organizations and economic indicators are common. Understanding the GII, its publisher (WIPO), and India's performance is vital for both Prelims (factual recall) and Mains (analysis of India's economic progress and global standing).
💡 Key Takeaways
- •India ranked 39th in Global Innovation Index (GII) 2024, improving from 40th in 2023.
- •GII is a key reference for evaluating an economy’s innovation ecosystem.
- •The GII is published annually by the World Intellectual Property Organization (WIPO).
- •WIPO is the global forum for Intellectual Property (IP) services, policy, information, and cooperation.
- •India's consistent improvement reflects effective policy interventions and a growing innovation culture.
🧠 Memory Techniques
98% Verified Content
📚 Reference Sources
•World Intellectual Property Organization (WIPO) - Global Innovation Index official reports (implied primary source)