India Innovation Index will Measure Innovation Performance of Indian States

India Innovation Index will Measure Innovation Performance of Indian States

Government of India Think Tank NITI Aayog together with International bodies World Economic Forum, World Intellectual Property Organization and the Cornell University will develop an India Innovation Index to rank the Indian states so as to develop an innovative spirit among them. The index

will measure and rank the innovation performance of all Indian states and hence drive India towards an innovation-driven economy.  The Index would encourage the states to compete with each other and in turn lead to better policies for inclusive growth. The first ranking is expected to be released at the India Economic Summit in New Delhi on October 4-6, 2017.  For the development of the Index, each partnering organisation will nominate a working group member to work on the index. The index will be based on key pillars of innovation such as strength of institutions, capacity of human capital and research, supporting infrastructure and the level of business sophistication among others and sub-indices that together will assist in framing policies to promote inclusive growth.