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8th Edition of Global Innovation Index 2015 released

Global Innovation Index (GII) 2015

The 8th edition Global Innovation Index (GII) 2015 was released on 18 September 2015 jointly by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO). The GII 2015 was based on the theme of Effective Innovation Policies for Development.

The index shows the new ways through which emerging-economy policymakers can boost innovation and spur growth by building on local strengths and ensuring the development of a sound national innovation environment. The index is topped by Switzerland for being the most innovative nation. Countries like China, Malaysia, Viet Nam, India, Jordan, Kenya and Uganda are among a group of countries outperforming their economic peers as per the GII 2015. Although India's ranking has slipped further to 81 in the list, compared to 76 in 2014, but it remained at the top of the regional ranking of Central and Southern Asia.

Highlights of the GII 2015
• Switzerland, the United Kingdom, Sweden, the Netherlands and the United States of America are the world’s five most innovative nations.
• The United Kingdom (UK) with second place on the list is up from the 10th position in 2011.
• In terms of innovation quality, US and the UK stay ahead of the pack, largely as a result of their world-class universities, closely followed by Japan, Germany and Switzerland.
• Top-scoring middle-income economies on innovation quality are China, Brazil and India with China increasingly outpacing the others.
• A number of low-income economies are innovation achievers with Sub-Saharan Africa standing out- Rwanda at 94th place, Mozambique at 95th and Malawi at 98th. In addition, Kenya, Mali, Burkina Faso and Uganda are generally outperforming other economies at their level of development.
• India's ranking has slipped further to 81 in the list, compared to 76 in 2014.
• A number of eastern European countries like Bulgaria (39th), or Montenegro (41st) display dynamism and an upward trend.
• In North America, The United States of America (5th) remains the top innovation performer, while Canada (16th) remains in the GII top 25 after slipping from the top 10 in 2012.
• Latin America and the Caribbean is a region with improving but largely untapped innovation potential. Brazil (70th), Argentina (72nd), and Mexico (57th) stand out as economies performing above the region’s GII average.
• In Western Asia, economies have started to diversify and spur innovation in new sectors. This has allowed for Saudi Arabia (43rd), United Arab Emirates (UAE) (47th) and Qatar (50th) to achieve top GII positions within the region.
• With half of its economies in the top 40, South East Asia and Oceania maintained its innovation dynamism with Singapore (7th) and Hong Kong (China) (11th) remain at the top of the regional rankings.

Rank Country
1. Switzerland
2. United Kingdom
3. Sweden
4. Netherlands
5. United States of America
6. Finland
7. Singapore
8. Ireland
9. Luxembourg
10. Denmark