Petty patents can boost R&D

News Today 21.06.2022

Innovative activity is the key driver of competitiveness and economic growth. In that context, India’s rank of 46 in WIPO’s Global Innovation Index (GII) 2021, up from 81 in 2015, is encouraging. This finding corroborates an earlier one by UNCTAD in its Digital Economy Report 2021 where India was seen as exceeding expectations. While these findings are encouraging, India, which aspires to emerge as one of the largest economies of the world, needs to move up further in the innovation rankings, for building self-reliance in technology, especially in the context of the incipient digital revolution. (Read More)

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