Growth vs Development: Concept & Difference
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With reference to the recently released Global Innovation Index (GII), consider the following statements:
- 1. Switzerland has secured the first rank in the Global Innovation Index 2024 published by the World Intellectual Property Organization (WIPO), while India has been ranked 39th in this index.
- 2. This index evaluates the innovation capabilities of economies based solely on the number of scientific research papers published and patent applications, and does not include indicators such as institutional quality or market maturity.
- 3. India has shown significant improvement in recent years in indicators such as Information and Communication Technology (ICT) services exports, domestic market size, and creative goods exports.
Which of the above statement(s) is/are completely correct?
✓ Correct! Well done.
✗ Not quite — the correct answer is highlighted above.
Detailed Explanation
The Global Innovation Index (GII) is published by the World Intellectual Property Organization (WIPO). Statement 1 is entirely correct because Switzerland is at the top and India is at the 39th rank in the 2024 index. Statement 2 is incorrect because the GII does not assess only patents or research papers, but includes over 80 comprehensive indicators such as institutional quality, human capital, research, infrastructure, market maturity, and business sophistication. Statement 3 is correct, as India has performed excellently in areas such as ICT services and domestic market.
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