Which of the following statements about India's rank in the Global Innovation Index-2023, published by the World Intellectual Property Organisation, is/are correct? 1. India has been placed at 40th rank. 2. India has been on a rising trajectory over the period 2015-2023. Select the correct answer using the code given below.
Both 1 and 2
Global Innovation Index-2023: India's Position
The World Intellectual Property Organisation (WIPO) publishes the annual Global Innovation Index (GII), which ranks countries based on their innovation ecosystems. The latest report, GII-2023, assesses the innovation performance of economies worldwide.
Statement 1 correctly mentions India's rank. According to the GII-2023 report, India achieved the 40th rank among 132 economies surveyed. This reflects significant progress in the country's innovation landscape.
India's Innovation Trajectory: A Consistent Rise
Statement 2 highlights India's performance trend over several years. India has indeed demonstrated a consistent upward movement in its global innovation ranking from 2015 to 2023. This upward trend signifies improvements in various aspects of its innovation system, including infrastructure, business sophistication, and knowledge & technology outputs.
To illustrate this progress, here's a look at India's approximate ranks in the GII over the specified period:
| Year | India's GII Rank |
|---|---|
| 2015 | 81st |
| 2016 | 85th |
| 2017 | 81st |
| 2018 | 77th |
| 2019 | 52nd |
| 2020 | 48th |
| 2021 | 46th |
| 2022 | 41st |
| 2023 | 40th |
As the table shows, India has consistently climbed the ranks, confirming the rising trajectory mentioned in statement 2.
Final Assessment
Based on the official reports from the World Intellectual Property Organisation (WIPO) for the Global Innovation Index-2023:
- India's position was confirmed as the 40th rank.
- India has shown a clear rising trajectory in innovation performance between 2015 and 2023.
Therefore, both statements provided in the question are accurate representations of India's performance in the GII-2023 and its recent historical trend.
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