Article Title: In India, education without employment
17-05-2025
Economy Current Affairs Analysis
Context
• As Vivekananda said, education empowers one to stand on one’s own feet.
• Young people are unable to find meaningful employment that is commensurate with any training that they may have received. The degrees they have are not worth the paper on which they are printed.
• The high rate of educated unemployment today shows that education in India is actually disempowering students.
Global Innovation index
• India’s Global Innovation Index (GII) represents the innovation capabilities of India. Our ranks in 2014, 2015 and 2024 were 76, 81, and 39.
• The GII reveals the world’s top S&T clusters in two innovation metrics: published patent applications and published scientific articles.
• The Global Innovation Index serves as a key reference for evaluating the performance of an economy's innovation ecosystem.
• It is published annually by the World Intellectual Property Organization (WIPO) and acts as a valuable benchmarking tool for policymakers, business leaders, and other stakeholders.
World Intellectual Property Organization (WIPO):
• It serves as the global forum for Intellectual Property (IP) services, policy, information, and cooperation.
• It is a self-funding agency of the United Nations, comprising 193 member states.
• The organisation aims to develop a balanced and effective international IP system that fosters innovation and creativity for everyone's benefit.
• WIPO's mandate, governing bodies, and procedures are outlined in the WIPO Convention, which was established in 1967.
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