Current Context According to the World Intellectual Property Organisation’s (WIPO) Global Innovation Index (GII) 2025, global R&D growth has slowed — falling to 2.9% in 2024 and projected to decline further to 2.3% in 2025.
ABOUT GLOBAL INNOVATION INDEX
- Launched by: World Intellectual Property Organization (WIPO)
- First Published: 2007
- Recognised by: United Nations General Assembly as an authoritative reference for Science, Technology and Innovation (STI) policies
- Purpose: To rank countries on their innovation capacity and success
- Covers:
- Investment patterns
- Technological progress
- Adoption rates
- Socioeconomic impacts
Significance:
- Acts as a global benchmark to measure and compare innovation performance
- Helps governments, industry, and researchers to build innovation ecosystems
Relevant Data OF GII 2025
- Top 5 Innovators:
- Switzerland (1st for 15th consecutive year)
- Sweden
- United States
- Republic of Korea
- Singapore
- China: Entered Top 10 for the first time, ranked 10th (leading middle-income economies)
- India: Rose to 38th rank among 139 economies (from 81st in 2015)
- Other climbers include Türkiye, Vietnam, and Morocco