GLOBAL INNOVATION INDEX OF WIPO

  • The Prime Minister, Shri Narendra Modi has expressed pride for Indian Innovators as India climbs to the 40th rank in  the Global Innovation Index of World Intellectual Property Organization (WIPO).
  • “Innovation is the buzzword across India. Proud of our innovators. We’ve come a long way and want to scale even newer heights.”
  • India climbs to the 40th rank in the Global Innovation Index of WIPO; a huge leap of 41 places in 7 years
  • India today aspires to take our ranking in the GII Index to the top 25.
  • GII has established itself as a tool for Governments across the world to reflect upon policies and their impact.
  • GII has over the years recognized India’s continuous rise due to the progressive measures taken by the government and industry working hand in hand”,
  • Innovation has been a catalytic force for the economy and society.
  • Though innovation implies novelty, it is also rooted in tradition for us in India. Ancient scientific knowledge including the Vedas and traditional medicine are a testament to India’s innovative spirit”, he added.
  • India had established the first of its kind Global Centre for Traditional Medicines in collaboration with the WHO, representing India’s ancient scientific prowess.

  • The importance of the ‘knowledge economy’ grows, innovation will lay the roadmap for development in India.
  • The Minister noted that agility, enthusiasm and energy of our youth are powering the start-up ecosystem.
  • India today the 3rd largest start-up ecosystem and is home to over a 100 unicorns.  “Start up revolution has spread across India. Over half the start-ups are from remote small towns
  • Shri Goyal opined that incubation, handholding, funding, industry-academia partnership and mentorship have stirred entrepreneurial spirit across the country.
  • He said that India had embarked on the ‘Digital India’ journey in 2015 and have set up a goal of a trillion-dollar digital economy in the next few years.
  • “Digitization of Government initiatives and public services has been our continuous focus”, he observed.
  • There several areas in which digital technologies are employed from mapping capital assets using GIS technology to revolutionizing payments through UPI.
  • In fact, 40% of global real-time digital transactions happened in India last year.To further strengthen innovation, we have introduced the National Education Policy, which promotes the spirit of enquiry by setting up incubation & technology development centers.
  • With over 9000 Atal Tinkering Labs, we encourage youth to develop solutions to society’s problems.
  • India has taken up structural reforms to strengthen its IPR regime including modernization of IP office, reducing legal compliances and facilitating IP filing for start-ups, women entrepreneurs, the small industries and others.
  • “Domestic filing of Patents registered a 46% growth in the last 5 years. We are now transitioning to a knowledge-based economy”

SOURCE: THE HINDU,THE ECONOMIC TIMES,MINT

About ChinmayaIAS Academy - Current Affairs

Check Also

INDIA’S FIRST PRIVATE SPACE LAUNCHPAD

Agnikul, the Chennai-headquartered space tech start-up, has established India’s first-ever launchpad for a private launch …

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Free Updates to Crack the Exam!
Subscribe to our Newsletter for free daily updates