NITI AAYOG RELEASES 2ND EDITION OF INDIA INNOVATION INDEX-2020

NITI AAYOG RELEASES 2ND EDITION OF INDIA INNOVATION INDEX-2020

Context

NITI Aayog released the second edition of the India Innovation Index-2020.

Details

The index demonstrates the government's continued commitment towards transforming the country into an innovation-driven economy.

What is India Innovation Index?

• It ranks the states and union territories based on their relative performance of supporting innovation.
• This competitive measure will empower them to improve their innovation policies by highlighting their strengths and weaknesses.

How states are evaluated

• It captures the trends and provides detailed analyses of the various factors that drive innovation at the country, state, and district levels.
• It would enable policymakers in identifying catalysts and inhibitors of innovation at the national and sub-national levels.
• The states and union territories have been divided into 17 ‘Major States’, 10 ‘North-East and Hill States’, and 9 ‘City-States and Union Territories’, for effectively comparing their performance.
• The states and union territories have been ranked on two broad categories: outcome and governance.
• The framework of India Innovation Index 2020 consists of 36 indicators, which include hard data (32 indicators) and four composite indicators.
• India Innovation Index 2020 builds on the previous year’s methodology by introducing more metrics and providing a holistic outlook of the Indian innovation ecosystem.
• India Innovation Index 2020 The framework has been updated to include globally considered parameters for measuring innovation (such as the percentage of gross domestic product spent on research and development), while also retaining the parameters specific to the Indian economy.