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News article3 May 2024European Innovation Council and SMEs Executive Agency1 min read

World Intellectual Property Report 2024: India Experienced Growth in Scientific and Technological Capabilities

World Intellectual Property Report (WIPR) 2024 “Making Innovation Policy Work for Development” published by the World Intellectual Property Organization (WIPO) delves into the intersection of human innovation, economic diversification, and industrial policy. It suggests that sustainable growth for countries hinges on directing policy efforts towards fostering local innovation capabilities.

The report finds that the top economies for scientific, technological and production capabilities are all high-income countries such as the United States, France, Germany, Japan and the Republic of Korea and/or large economies namely China and India. However, income and size alone do not explain where countries stand.

The WIPR 2024 also focuses on three case studies spanning eight countries, shedding light on how innovators and policymakers utilized and bolstered existing industrial capabilities to develop the advanced and sophisticated motorcycles, video games, and agricultural technologies prevalent today. The experiences of Italy, Japan, and India illustrate how their historical connections with closely related sectors, such as bicycles, automobiles, and aviation, have enabled them to carve out distinct specialised paths within the same innovative and complex industry landscape.