India Innovation Index 2020

The second edition of the India Innovation Index 2020 will be released by the vice chairman of the NITI Aayog, Dr Rajiv Kumar, on January 20, 2021. Its first edition was released in October 2019.

Highlights

  • The launch of the second edition of the innovation index demonstrates the continued commitment of the centre to transform India into an innovation-driven economy.
  • The index has divided the states and union territories into 17 Major States, 10 North-East and Hill States and 9 City States and Union Territories. This division will help in effectively compare the performance of the states and UTs.
  • The index has ranked the states and union territories into two broad categories namely the outcome and governance.
  • The India Innovation Index 2020 comprises of 36 indicators. It included 32 indicators of hard data and four composite indicators.
  • The index also captures the trends and provides the detailed analysis of the various factors so as to drive the innovation at the national level, state level and district levels.
  • The detailed analysis will help in enabling the policymakers to identify the catalysts and inhibitors of innovation at the national and sub-national levels.

Aim of the index

  • The index will be launched with the objective of ranking the states and union territories based on the relative performance of the supporting innovation.
  • It also aims to empower the states and Union Territories to improve the innovation polices through highlighting the strengths and weaknesses.
  • The index will rank the states in such a way that states are able to draw lessons in innovation.
  • It will encourage the healthy competition among the states and union territories. Thus, it complies with the idea of competitive federalism.

How 2020 index is different?

The India Innovation Index 2020 has been prepared on the basis of previous year’s methodology. However, it has introduced more metrics this year. It also provides a holistic outlook of the Indian innovation ecosystem. It is inclusive of the globally considered parameters so as to measure the innovation. It includes the percentage of gross domestic product spent on research and development.

Written by IAS POINT

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