NITI Aayog has released the India Innovation Index-2022. The idea of the index is to showcase the government’s initiative to create an innovation-driven economy.
About the Index
Prepared by NITI Aayog and the Institute for Competitiveness, the India Innovation Index is a comprehensive tool for the evaluation and development of the country’s innovation ecosystem.
It ranks the states and the union territories on their innovation performance to build healthy competition amongst them.
The third edition highlights the scope of innovation analysis in the country by drawing on the framework of the Global Innovation Index.
The number of indicators has increased from 36 (in the India Innovation Index 2020) to 66 (in the India Innovation Index 2021). The indicators are now distributed across 16 sub-pillars,which, in turn, form seven key pillars.
Highlights of the Index
Karnataka has bagged the top rank in NITI Aayog’s India Innovation Index, 2022, which determines innovation capacities and ecosystems at the sub-national level. The State has held this position, under the Major States category, in all three editions of the Index so far.
Manipur secured the lead in the Northeast and Hill States category, while Chandigarh was the top performer in the Union Territories and City States category.
Karnataka was followed by Telangana, Haryana, Maharashtra and Tamil Nadu. Chhattisgarh, Odisha, Bihar and Gujarat were at the bottom of the index.
Pointing out that India’s average innovation score is arguably insufficient, given the country’s ambitious targets to be named among the top 25 nations in the Global Innovation Index, the report by the government think tank has recommended measures, such as increasing Gross Domestic Expenditure on R&D (GDERD), promoting private sector participation in R&D and closing the gap between industry demand and what the country produces through its education systems.
The report went on to state that countries that spend less on GDERD fail to retain their human capital in the long run and the ability to innovate is dependent on the quality of human capital; India’s GDERD as a percentage of GDP stood at about 0.7%.
The report recommends GDERD for improvement and should touch at least 2%, which would play an instrumental role in India achieving the goal of a 5 trillion economy and further influence its innovative footprint across the globe.