CURRENT AFFAIRS

Detailed explanation-1: -In 2017, Switzerland leads the rankings for the seventh consecutive year, with high-income economies taking 24 of the top 25 spots – China is the exception at 22. In 2016, China became the first-ever middle income economy in the top 25.

Detailed explanation-2: -India, 60th globally, is the top-ranked economy in Central and Southern Asia and has now outperformed on innovation relative to its GDP per capita for seven years in a row.

Detailed explanation-3: -Switzerland remains the world’s leader in innovation for the 12th consecutive year.

Detailed explanation-4: -Switzerland appears for the seventh consecutive year as the most innovative country, with particular emphasis on “human capital and research, infrastructure and business development".

Detailed explanation-5: -It is evident that Switzerland has secured Global Innovation Index 2022 1st rank. Switzerland is the most innovative economy in the world for the 12th year in a row. It is followed by the United States, Sweden, the United Kingdom and the Netherlands.