Global Innovative Index and India : Current Trends and Opportunities

Global Innovation Index Report published by INSEAD, Cornell University and World Intellectual Property Organization (WIPO) in partnership with other organizations provides an overview of innovative growth of around 128 economies and provides rank (index) of each country annually which is known as Global Innovative Index (GII). Global Innovative Indexing is carried out on the basis of two categories of Sub-Indices – Innovation Input Sub-Index category and Innovation Output Sub-Index category. Innovation Input Sub-index category consists of 5 pillars and Innovation Output Sub-index consists of 2 pillars. Each of these pillars is further broken down to miscellaneous sub pillars for the purpose of evaluation of innovative growth of different economies .By combining Global Innovative Index Reports of previous years, the paper aims to analyze the trends prevailing in the last few years and the areas of innovation in which India needs improvement for enhancing innovative growth