Global Innovation Index 2020 | Current Affairs on GII 2020

Global Innovation Index 2020 Released 

The Global Innovation Index (GII) 2020, the 13th edition was published on 2nd September. This year the theme of Global Innovation Index is "Who Will Finance Innovation?". Well in this article we are trying to give you the detail Global Innovation Index 2020 Rankings list and the worlds Top 50 Nations in Global Innovation Index 2020.

The Global Innovation Index (GII) is mainly a yearly ranking of nations by their achievements in innovation. From the beginning of GII, the rankings are published by the Cornell University, INSEAD & WIPO (World Intellectual Property Organization). They have also partnered with other associations and institutions. It is completely based on subjective as well as objective data which are derived from many other sources including the International Telecommunication Union, the World Bank and the World Economic Forum. 

The Global Innovation Index was inaugurated in the year 2007 by INSEAD and a British magazine called World Business. 

Depending on the scores in two sub-indices, one is the Innovation Input Index and the another one is Innovation Output Index, the GII is mainly computed. Infact it is composed of five and two pillars respectively. 

The Global Innovation Index is a leading reference for measuring an economy’s innovation performance. It mainly provides a detailed metrics about the innovation performance of 131 countries and economies around the world. 

How are Countries Ranked in GII? 

The Global Innovation Index (GII) are infact depends on 80 different indicators. These indicators explore a broad vision of innovation. It includes political environment, education, infrastructure and business sophistication. 

Top 5 Nations in the Global Innovation Index 2020 

The ranking of the Global Innovation Index (GII) 2020 is topped by :

1. Switzerland

2. Sweden

3. The United States of America

4. The United Kingdom &

5. The Netherlands

Top 50 Nations in Global Innovation Index 2020

Here is the full list of top 50 nations in Global Innovation Index 2020 and this 50 nations are the World’s Most Innovative Countries, 2020. 

The top 50 Economies per GII 2020 are --

1. Switzerland 

2. Sweden 

3. United States of America 

4. United Kingdom 

5. Netherlands 

6. Denmark 

7. Finland 

8. Singapore 

9. Germany 

10. Republic of Korea (South) 

11. Hong Kong (China) 

12. France 

13. Israel 

14. China 

15. Ireland 

16. Japan 

17. Canada 

18. Luxembourg 

19. Austria 

20. Norway 

21. Iceland

22. Belgium

23. Australia

24. The Czech Republic 

25. Estonia 

26. New Zealand 

27. Malta 

28. Italy 

29. Cyprus 

30. Spain 

31. Portugal 

32. Slovenia 

33. Malaysia

34. United Arab Emirates 

35. Hungary 

36. Latvia 

37. Bulgaria

38. Poland 

39. Slovakia 

40. Lithuania

41. Croatia

42. Viet Nam

43. Greece

44. Thailand

45. Ukraine

46. Romania

47. Russian Federation

48. India

49. Montenegro

50. Philippines 

Top Rankings of the GII 2020 Regional Innovation Leaders --

Here is the Global Innovation Index 2020 area wise list --

The GII 2020 regional innovation leaders for Northern America (NAC) are: 

United States of America -- GII rank: 3

Canada -- GII rank: 17

* The top 5 GII 2020 regional innovation leaders for Latin America and the Caribbean (LCN) are: 

Chile -- GII rank: 54

Mexico -- GII rank: 55

Costa Rica -- GII rank: 56

Brazil -- GII rank: 62

Colombia -- GII rank: 68

The top 5 GII 2020 regional innovation leaders for Europe (EUR) are: 

Switzerland -- GII rank: 1

Sweden -- GII rank: 2

United Kingdom -- GII rank: 4

Netherlands -- GII rank: 5

Denmark -- GII rank: 6

The top 5 GII 2020 regional innovation leaders for Sub-Saharan Africa (SSF) are: 

Mauritius -- GII rank: 52

South Africa -- GII rank: 60

Kenya -- GII rank: 86

United Republic of Tanzania -- GII rank: 88

Botswana -- GII rank: 89

The top 5 GII 2020 regional innovation leaders for Northern Africa and Western Asia (NAWA) are: 

Israel -- GII rank: 13

Cyprus -- GII rank: 29

United Arab Emirates -- GII rank: 34

Turkey -- GII rank: 51

Armenia -- GII rank: 61

The top 5 GII 2020 regional innovation leaders for Central and Southern Asia (CSA) are: 

India -- GII rank: 48

Islamic Republic of Iran -- GII rank: 67

Kazakhstan -- GII rank: 77

Uzbekistan -- GII rank: 93

Kyrgyzstan -- GII rank: 94

The top 5 GII 2020 regional innovation leaders for South East Asia, East Asia, and Oceania (SEAO) are: 

Singapore -- GII rank: 8

Republic of Korea -- GII rank: 10

Hong Kong, China -- GII rank: 11

China -- GII rank: 14
Japan -- GII rank: 16

India Ranked in Top 50 Nations in the Global Innovation Index 2020 :

In 2020, India jumps 4 places to rank 48 on Global Innovation Index 2020.

Last year in 2019, India was at 52nd position in the list but this year in 2020, India is at 48th position and India now in top 50 on global innovation list. Infact among the Central and Southern Asian countries India is at top position. This is for the first time India among top 50 nations in global innovation. The reason behind India's position is the steps taken by NITI Aayog. The Aayog give its importants on policy led innovations like electric vehicles, bio-technology, nanotechnology, space and various types of alternative energy sources. 

Thank You_

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