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Global Innovation Index 2023
Global Innovation Index 2023
India ranked first among the 37 lower-middle group income and first among the 10 economies in Central and South America.India has maintained its 40th rank in the latest Global Innovation Index (GII) 2023 released by the World Intellectual Property Organisation (WIPO), making it a leading position holder among the lower middle-income country group.
In Global Innovation Index 2023 Switzerland becomes 1st Position ,Sweden second position and United States (US) hold third position respectively. Least three countries Rwanda ,Senegal and Nigeria.
Some Important Key Points About Global Innovation Index 2023
India’s Consistent Rise: India’s upward trajectory in GII, from 81st in 2015 to 40th, aligns with the vision of Atma Nirbhar Bharat, emphasizing self-reliance through innovation.
Leadership Among Peers: India leads among 37 lower-middle-income economies and Central and Southern Asia in innovation performance.
Consistent Innovation Excellence: India maintains its “innovation achiever” status for the 13th consecutive year.
Strengths and Focus Areas: India excels in Market Sophistication and Knowledge and Technology Outputs, among other pillars.
Top-Ranked Indicator: India secures the top spot in “Domestic market scale, bn PPP$,” and ranks in the top 10 in six additional indicators.
Innovation Outputs: India ranks 35th in innovation outputs, marking an improvement.
Higher Graduates in Science and Engineering: India ranks 11th in this indicator.
Higher Graduates in Science and Engineering: India ranks 11th in this indicator.
Startup Finance Recognition: India earns the 9th position, while Venture Capital Performance secures the 6th position.
Diverse Domestic Industries: India ranks 10th in domestic industry diversification.
Patents and Citable Documents: India ranks 28th in patents by origin and 20th in the citable documents H-index.
Unicorn Valuation: India’s unicorn valuation stands at 5.04% of GDP, securing the 9th position.
High-Tech Manufacturing: India ranks 35th in high-tech manufacturing.
Intangible Asset Intensity: India achieves the 8th position in intangible asset intensity.
Cultural and Creative Exports: India’s cultural and creative services exports surged by 21.4%, securing the 18th position.
Global Innovation Index 2023 in Tabular form:
| Country/Economy | 2023 Innovation Rank | Change from 2022 |
|---|---|---|
| Switzerland | 1st | – |
| Sweden | 2nd | +1 |
| United States (US) | 3rd | -1 |
| Singapore | 4th | – |
| Finland | 6th | +3 |
| Denmark | 9th | – |
| Republic of Korea | 10th | – |
| France | 11th | +1 |
| Japan | 13th | – |
| Israel | 14th | – |
| China | 12th | -1 |
| Belgium | 23rd | +3 |
| Estonia | 16th | +2 |
| Norway | 19th | – |
| Lithuania | 34th | +5 |
| Latvia | 37th | +4 |
| Malaysia | 36th | – |
| Bulgaria | 38th | – |
| Türkiye (Turkey) | 39th | – |
| India | 40th | – |
| United Arab Emirates | 32nd | – |
| Saudi Arabia | 48th | – |
| Qatar | 50th | – |
| Bahrain | 67th | – |
| Oman | 69th | – |
| Jordan | 71st | – |
| Egypt | 86th | – |
| Brazil | 49th | – |
| Chile | 52nd | – |
| Uruguay | 63rd | – |
| El Salvador | 95th | – |
| Thailand | 43rd | – |
| Viet Nam | 46th | – |
| Philippines | 56th | – |
| Indonesia | 61st | – |
| Islamic Republic of Iran | 62nd | – |
| Kazakhstan | 81st | – |
| Uzbekistan | 82nd | – |
| Pakistan | 88th | – |
| South Africa | 59th | – |
| Rwanda | 103rd | – |
| Senegal | 93rd | – |
| Nigeria | 109th | – |
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