The World Intellectual Property Organization (WIPO) on Thursday launched the Global Innovation Index (GII) 2022 wherein Switzerland has emerged because the world’s maximum progressive economic system for the twelfth consecutive year.
“Switzerland stays the world’s chief in innovation for the twelfth consecutive year. It leads globally in innovation outputs, and specially in patents via way of means of origin, software program spending, high-tech production and manufacturing and export complexity,” the Global Innovation Index 2022 read.
The 2d function become secured via way of means of the United States (US) accompanied via way of means of Sweden, the United Kingdom (UK) and the Netherlands.
The ratings have been primarily based totally at the regions of human and capital research, commercial enterprise sophistication, infrastructure and generation outputs amongst others.
Here is the listing of the pinnacle 10 maximum progressive economies for this year:
| ountry | Overall GII | Institutions | Human & Capital research | Infrastructure | Market sophistication | Business sophistication | Knowledge & Technology outputs | Creative outputs |
| Switzerland | 1 | 2 | 4 | 4 | 8 | 7 | 1 | 1 |
| United States | 2 | 13 | 9 | 19 | 1 | 3 | 3 | 12 |
| Sweden | 3 | 19 | 3 | 1 | 13 | 1 | 2 | 8 |
| United Kingdom | 4 | 24 | 6 | 8 | 5 | 22 | 8 | 3 |
| Netherlands | 5 | 4 | 14 | 14 | 18 | 10 | 5 | 10 |
| Republic of Korea | 6 | 31 | 1 | 13 | 21 | 9 | 10 | 4 |
| Singapore | 7 | 1 | 7 | 11 | 4 | 2 | 13 | 21 |
| Germany | 8 | 20 | 2 | 23 | 14 | 19 | 9 | 7 |
| Finland | 9 | 11 | 8 | 3 | 17 | 5 | 4 | 18 |
| Denmark | 10 | 9 | 10 | 5 | 15 | 15 | 12 | 14 |
India secured the fortieth function withinside the Global Innovation Index. This is the primary time the usa entered the pinnacle 40. Last year, India become on the forty sixth function.
The index indicates that rising economies such as, India and Turkey, are displaying continually robust overall performance.
“With their upward push in phrases of innovation overall performance withinside the shadow of shocks to worldwide deliver chains, Türkiye and India are undoubtedly enriching the worldwide innovation landscape, whilst Indonesia indicates promising innovation potential, ” stated Soumitra Dutta, GII co-editor and Dean of the Saïd Business School at Oxford University.
The index similarly stated that India is the innovation chief withinside the decrease middle-profits group, and maintains to guide the world “in ICT offerings exports and holds pinnacle ratings in different indicators, such as project capital receipt value, finance for startups and scaleups, graduates in technology and engineering, labour productiveness increase and home enterprise diversification.”
With India’s development in ranking, Union trade and textiles minister Piyush Goyal tweeted the usa is innovating like in no way before. “India climbs to the fortieth rank withinside the Global Innovation Index of WIPO, a big jump of forty one locations in 7 years. The regular upward push testifies that India beneathneath the management of Prime Minister Narendra Modi is unexpectedly rising as the worldwide innovation hub,” Goyal stated.