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ARTICLE · 18 SEPTEMBER 2020

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Global Innovation Index 2020: India Ranked At 48 Among 131 Countries

S.S. Rana & Co.
S.S. Rana & Co.
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S.S. Rana & Co.

S.S. Rana & Co.

Established in 1989, S.S. Rana & Co. is a premier intellectual property and corporate law firm...

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The World Intellectual Property Organization (WIPO) released the Global Innovation Index 2020: Who will Finance Innovation? on September 02, 2020.

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The World Intellectual Property Organization (WIPO) released the Global Innovation Index 2020: Who will Finance Innovation? on September 02, 20201. This year, the GII rankings were topped by Switzerland, Sweden, U.S., U.K. and Netherlands while India, China, the Philippines, and Viet Nam have been listed as the economies with most significant progress in their GII innovation ranking over the years.

TOP 3 INNOVATION ECONOMIES BY REGION

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Source: GII 2020

Impact of COVID-19 on Innovation

GII crucially analyses the impact of COVID-19 pandemic which has impacted almost all walks of life and sectors. In this context the report strongly words that COVID-19 pandemic has triggered an unprecedented global economic shutdown which has severely hindered the innovation worldwide. The report also states that the crisis struck innovation when it was flourishing and the situation requires for government support as well as collaborative models and also continued private

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