Post Date : 08/02/2017
The National Institution for Transforming India (NITI) Aayog and Confederation of Indian Industry (CII) jointly launched India Innovation Index. Besides country’s first innovation index portal was also launched. The index has been jointly developed by NITI Aayog, DIPP and CII in consultation with World Economic Forum (WEF), World Intellectual Property Organization (WIPO), Cornell University, UNIDO, ILO, OECD, UNESCO, ITU etc.Some Important Facts The index’s objective is to rank Indian states on innovations through the portal that will capture data on innovation from all states on innovation and regularly update it in real time. It will provide impetus to state to build their respective innovation ecosystems and spur the innovation spirit among institutions and people to make India an innovation-driven economy It 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. The pillars of index include the capacity of human capital and research, strength of institutions, supporting infrastructure and the level of business sophistication, among others. The portal will coalesce, disseminate and update periodically GII indicators and India–centric data from various states. It will be hosted on the NITI Aayog website. It will be a one-stop data warehouse and will track progress on each indicator at the National level and the State level on real-time basis.