SYLLABUS SECTION: GS III (ECONOMY)

WHY IN THE NEWS?

Karnataka has ranked first in the NITI Aayog India Innovation Index (2021 report) for a third time in a row.

WHAT IS THE INDIA INNOVATION INDEX?

• Prepared by NITI Aayog and the Institute for Competitiveness, the India Innovation Index is a comprehensive tool for the evaluation and development of the country’s innovation ecosystem.
• It ranks the states and the union territories on their innovation performance to build healthy competition amongst them.
• The third edition highlights the scope of innovation analysis in the country by drawing on the framework of the Global Innovation Index.

• The number of indicators has increased from 36 (in the India Innovation Index 2020) to 66 (in the India Innovation Index 2021).
• The indicators are now distributed across 16 sub-pillars, which, in turn, form seven key pillars.

TOP PERFORMERS:

Major States’ category

1. Karnataka
2. Telangana
3. Haryana

North East and Hill States

1. Manipur
2. Uttarakhand
3. Meghalaya

Union Territories and City States

1. Chandigarh
2. Delhi
3. Andaman and Nicobar Islands

SIGNIFICANCE OF INDIA INNOVATION INDEX 2021

Innovation is critical in promoting the country’s resilience and self-reliance. The index points to the decentralization of innovation across all Indian states

The index also draws some international parallels, which will add to India’s learnings and how we can be on a par with our counterparts

The India Innovation Index 2021 is a testament to the Government of India’s continued commitment to transforming the country into an innovation-driven economy.

The India Innovation Index also contributes to the Government’s effort to monitor select global indices through the Global Indices to drive Reform and Growth (GIRG) mechanism

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Source: PIB