The India Innovation Index aims to create an extensive framework for the continual evaluation of India’s innovation environment. The index aims to rank states and UTs based on their scores, recognize opportunities and challenges, and assist in tailoring government policies to foster innovation.
Innovation is at the forefront of India’s ‘Make in India’ and ‘Aatmanirbhar Bharat’ initiatives. The aim is not only to make in India but also to innovate in India and transform the Indian economy. With the thrust from innovation, India can scale-up its manufacturing and develop its export competitiveness.
The India Innovation Index aims to create an extensive framework for the continual evaluation of India’s innovation environment. The index aims to rank states and UTs based on their scores, recognize opportunities and challenges, and assist in tailoring government policies to foster innovation.
The India Innovation Index 2020 is a collaborative effort, and there are many who have made valuable contributions toward the success of this edition. It is a collective outcomes of the Science and Technology (S&T) Vertical of NITI Aayog, relevant Ministries and Departments, and the knowledge partner — the Institute for Competitiveness.
The study’s objective is to provide policymakers and other key stakeholders with a comprehensive assessment of the spatial dynamics of the innovation ecosystem of India. It offers insights into how Indian states can achieve the dual goals of economic and social development by focusing on the innovation landscape.
The findings from the study can also be used to identify the challenges that persist across regional economies in maximizing their innovative capacities and provide solutions to address them.
The focus on regional economies becomes pertinent when it comes to innovation since the level of development and industrial base vary significantly across Indian states.
The India Innovation Index depicts the innovation landscape of the country at the sub-national level. It portrays the innovative capabilities of the States, highlighting their strengths, which can be replicated in others, and weaknesses, which can be rectified.
It will also help states to assess their own capacities in identifying areas that have the potential to boost the development of innovation-led entrepreneurship and attract start-ups and hi-tech companies.
India’s innovation journey has been strictly restricted to certain regions that have been privileged with economic growth and have a legacy of industrialization.
This index, in the spirit of cooperative and competitive federalism, will allow the sharing of good practices between States/UTs, to widen and replicate the innovation landscape across the country, especially in the parts that have the potential to become hubs of innovation.
But most importantly, this index will help other important stakeholders to assess these areas of the innovation landscape, and the value they holds for businesses so they can partake in this innovation journey.
India Innovation Index 2020 can help the country in recognizing the key areas of developmental intervention, with innovation as the central driver for growth. NITI Aayog will continue to take such initiatives that play a significant role in promoting cooperative and competitive federalism.
The report examines the innovation capabilities and performance of the states and union territories. The first edition of the index was launched in October 2019.
In the second edition too, the index found that the level of competitiveness among the states and union territories was high, which is essential for them to continually improve on their enabling factors as well as innovation performance, year by year.
The innovation inputs were measured through five enabler parameters, and the output through two performance parameters. While ‘Human Capital’, ‘Investment’, ‘Knowledge Workers’, ‘Business Environment’, ‘Safety and Legal Environment’ were identified as enabler parameters, ‘Knowledge Output’ and ‘Knowledge Diffusion’ were chosen as the performance parameters.
NITI Aayog, along with the Institute for Competitiveness, released the second edition of the India Innovation Index. The report examines the innovation capabilities and performance of the states and union territories. The first edition of the index was launched in October 2019.
The release of the second edition of the India Innovation Index, in these trying times, is a testament to the Government of India’s continued commitment toward transforming the country into an innovation-driven economy.
Also Read: Second Edition of India Innovation Index Released
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