Rapid Fire
Global Innovation Index 2024
- 04 Oct 2024
- 1 min read
Recently, India secured 39th position among 133 global economies in the Global Innovation Index 2024. In 2023, India ranked 40th rank out of 132 economies.
- Global Innovation Index:
- The Global Innovation Index serves as a key reference for evaluating the performance of an economy's innovation ecosystem.
- It is published annually by the World Intellectual Property Organization (WIPO) and acts as a valuable benchmarking tool for policymakers, business leaders, and other stakeholders.
- World Intellectual Property Organization (WIPO):
- It serves as the global forum for Intellectual Property (IP) services, policy, information, and cooperation.
- It is a self-funding agency of the United Nations, comprising 193 member states.
- The organisation aims to develop a balanced and effective international IP system that fosters innovation and creativity for everyone's benefit.
- WIPO's mandate, governing bodies, and procedures are outlined in the WIPO Convention, which was established in 1967.
Read More: Global Innovation Index 2023
