India Innovation Index to measure performance of Indian states

  • The World Economic Forum (WEF), NITI Aayog, World Intellectual Property Organization (WIPO) and Cornell University will work to develop an India Innovation Index.
  • Index will provide impetus to states to drive innovative spirit.
  • Based on the WIPO’s GII (Global Innovation Index), the India Innovation Index will be tailored to better reflect of India’s ground reality.
  • It will include metrics well suited to the Indian context for innovation.
  • India’s ranking rose considerably in the Global Innovation Index (GII) 2016 and the country is now an Innovation Achiever.
  • The index will be based on key pillars of innovation and sub-indices that together will assist in tailoring policies that promote inclusive growth.
  • The pillars include the strength of institutions, capacity of human capital and research, supporting infrastructure and the level of business sophistication.
  • Each partnering organization will nominate a working group member to work on the index.
  • The first ranking of Indian states is expected to be released at the India Economic Summit in October 2017.
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