India improves Global Innovation Ranking to 52 in 2019 from 57 in 2018

New Delhi, News Nation Bureau | Updated : 24 July 2019, 04:46 PM
India improves Global Innovation Ranking to 52 in 2019 from 57 in 2018
India improves Global Innovation Ranking to 52 in 2019 from 57 in 2018

India has been positioned at rank 52 in Global Innovation Index (GII) 2019 on Wednesday, rising by five positions in a year. India was ranked 57th in the GII 2018. The GII, which is published annually by Cornell University, INSEAD and the UN World Intellectual Property Organisation (WIPO) and GII Knowledge Partners, ranked India at the 57th spot in 2018, a slight improvement from the 60th position in 2017. It was 66th in 2016 and 81st in 2015. India is aiming to break into the top 25 tally.

When asked about ways to improve accessibility to affordable medicines as patented drugs are expensive, Department for Promotion of Industry and Internal Trade (DPIIT) secretary Ramesh Abhishek told news agency PTI that the government has several mechanisms, including National Pharmaceutical Pricing Authority, National List of Essential Medicines, and Jan Aushadhi centres for this purpose.

He said TRIPS (Trade Related Aspects of Intellectual Property Rights), an agreement under the World Trade Organization, provides sufficient flexibilities to take steps whenever a specific issue emerges regarding high prices of patented medicines.

Under this agreement, India can grant 'compulsory licence' to a company to manufacture generic version of a patented medicine. Industry body CII has been the GII knowledge partner since 2009. Abhishek said although India's position is improving, "we need to do lot more".

He added that the department is working on strengthening the intellectual property rights regime.

The GII ranks 126 economies based on 80 indicators, ranging from intellectual property filing rates to mobile-application creation, education spending and scientific and technical publications.

First Published: Wednesday, July 24, 2019 04:09 PM
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