To make India an innovation-driven economy, NITI Aayog, Department of Industrial Policy & Promotion (DIPP) and Confederation of Indian Industry (CII) together launched a mega initiative “India Innovation Index” (III) that will rank states on Innovations through country’s first online innovation index portal that will capture data on innovation from all Indian states on innovation and regularly update it in real time.
The India Innovation Index Framework will be structured based on the best practices followed in Global Innovation Index (GII) indicators and additionally by adding India-centric parameters those truly reflect the Indian innovation ecosystem. This initiative will be the point of reference for all international agencies to collect India’s up to date data points for global indices and analytic.
Data collated on this portal will not only be used to ameliorate current data gaps with respect to the GII, but be the prime source for the India Innovation Index, which will be jointly developed by NITI Aayog, DIPP and CII, in consultation with World Economic Forum, the World Intellectual Property Organization, Cornell University, OECD, UNIDO, ILO, UNESCO, ITU and others with the objective to rank Indian states as per their innovation prowess and provide impetus to them to build their respective innovation ecosystems and spur the innovation spirit among institutions and people.
India currently ranks 66th out of 128 countries on the Global innovation Index (GII) 2016. To improve India’s rank in GII and other international indices, NITI Aayog jointly with Confederation of Indian Industry (CII) and Department of Industrial Policy and Promotion (DIPP), organized the Global Innovation Index – India Roundtable on 31st January in the capital.
Speaking at the inaugural session, Mr. Ratan P. Watal, Principal Adviser, NITI Aayog said, “Regulation, fiscal incentives, and R&D plays a major role in driving innovation. A lot of money is provided for R&D but unfortunately, R&D money goes in silos within various government departments giving no result. Scientific departments, departments which deal with such budgets and CII have to come together and work towards it”.
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