- Science and Technology- developments and their applications and effects in everyday life.
Global Innovation Index
What to study?
For Prelims: GII- performance of India and other countries.
For Mains: Need for innovation and government efforts to promote innovation.
Context: Global Innovation Index 2019 has been released.
- GII rankings are based on 80 indicators, from traditional measurements like research and development investments and international patent and trademark applications.
- Theme for the year 2019 is – Creating Healthy Lives – The Future of Medical Innovation, which aims to explore the role of medical innovation as it shapes the future of healthcare.
- It is published by a specialized agency of the United Nations – the World Intellectual Property Organisation (WIPO) in association with Cornell University and graduate business school INSEAD.
- India’s rank has been improved as it has reached at 52nd position in 2019. India was at 57th position in 2018.
- In terms of innovation and newly-emerging technologies India has been performing well and has improved its position by 29 places in the global index since 2015.
- India had ranked 81 in 2015, which rose to 66 in 2016, 60 in 2017 and 57 in 2018.
India continues to be the most innovative economy in central and southern Asia.
- Public R&D expenditures, particularly in some high-income countries, are growing slowly or not at all.
- Global landscape of science, innovation, and technology has undergone important shifts over the last decades.
Asian economies especially middle-income one, are rapidly contributing to global research and development (R&D) and international patenting rates via WIPO’s International Patent System.