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Business EconomyPosted at: Jan 19 2021 4:49PM


India Innovation Index 2020 will be out Wednesday

New Delhi, Jan 19 (UNI) The second edition of the India Innovation Index 2020, capturing the trends and providing detailed analyses of the various factors that drive innovation at the country, state, and district levels will be released on Wednesday.
It is believed that these analyses would enable policymakers in identifying catalysts and inhibitors of innovation at the national and sub-national levels.
The Index demonstrates the government’s commitment towards transforming the country into an innovation-driven economy, said NITI Aayog.
The first edition of the index was launched in October, 2019.
This 2020 Index seeks to rank the States and Union Territories based on their relative performance of supporting innovation and to empower them to improve their innovation polices by highlighting their strengths and weaknesses.
The ranking methodology is designed in a way that states can draw lessons from the national leaders in innovation.
Hopefully, this will lead to a healthy competition among the states and union territories, thereby fostering competitive federalism, said the Aayog.
The States and Union Territories have been ranked on two broad categories -- outcome and governance.
Overall, the framework of India Innovation Index 2020 consists of 36 indicators, which include hard data (32 indicators) and four composite indicators.
Index 2020 builds on the previous year’s methodology by introducing more metrics and providing a holistic outlook of the Indian innovation ecosystem.
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.
UNI SRJ SB 1649
Tags: #India Innovation Index 2020 will be out Wednesday
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India Innovation Index 2020 will be out Wednesday

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