GENEVA, Switzerland – Following Switzerland in the rankings are Sweden, the United States, the Netherlands, and the United Kingdom. India has risen most in the rankings since 2018, jumping five places to fifty-second most innovative country.
The annual Index, which has been published for the last 12 years by World Intellectual Property Organization (WIPO), and a number of partners, is designed to help policymakers better understand innovation activity, which WIPO describes as a “main driver of economic and social development”.
Overall, this year’s Index finds that, despite the global economic slowdown, innovation is “blossoming”, particularly in Asia, but trade disruptions and protectionism are putting this at risk. It also notes that planning for innovation is critical for success:
“The Index shows us that countries that prioritize innovation in their policies have seen significant increases in their rankings,” said WIPO director-general, Francis Gurry. “The rise in the GII by economic powerhouses like China and India has transformed the geography of innovation, and this reflects deliberate policy action to…
