The Global Innovation Index (GII) aims to capture the multi-dimensional facets of innovation and provide the tools that can assist in tailoring policies to promote long-term output growth, improved productivity, and job growth.
The GII helps to create an environment in which innovation factors are continually evaluated.
The Global Innovation Index 2016 (GII), in its 9th edition this year, is co-published by Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO, an agency of the United Nations).
The index was started in 2007.
The core of the GII Report consists of a ranking of world economies’ innovation capabilities and results.
India scored a major improvement in its Global Innovation Index ranking in 2016, moving up to the 66th place from 81 in 2015.
Among middle-income countries, India (25) came second after China (17) in innovation quality, overtaking Brazil (27).