PIB: India launches India Innovation Index (III)

States will be ranked on innovations from 2017

• NITI Aayog, Department of Industrial Policy & Promotion (DIPP) and Confederation of Indian Industry (CII) together launched a mega initiative “India Innovation Index”.
• It will rank states on Innovations through country’s first online innovation index portal that will capture data on innovation from all Indian states on innovation and regularly update it in real time.
• The India Innovation Index Framework will be structured based on the best practices followed in Global Innovation Index (GII) indicators and additionally by adding India-centric parameters those truly reflect the Indian innovation ecosystem.

A point of reference for all international agencies

• This initiative will be the point of reference for all international agencies to collect India’s up to date data points for global indices and analytic.
• This portal will be a first-of-its-kind online platform where Global Innovation Index indicators and India–centric data from various states will be coalesced and disseminated and updated periodically.
• This will be a one-stop data warehouse and will track progress on each indicator at the National level and the State level on real-time basis.
• The access to this portal will be hosted on the NITI Aayog website, and NITI Aayog will update this data periodically.
• Data collated on this portal will not only be used to ameliorate current data gaps w.r.t the GII, but be the prime source for the India Innovation Index, which will be jointly developed by NITI Aayog, DIPP and CII, in consultation with World Economic Forum, the World Intellectual Property Organization, Cornell University, OECD, UNIDO, ILO, UNESCO, ITU and others with the objective to rank Indian states as per their innovation prowess and provide impetus to them to build their respective innovation ecosystems and spur the innovation spirit among institutions and people.

The Global Innovation Index (GII)

• The Global Innovation Index (GII), co-published by World-Intellectual Property Organization (WIPO), Cornell University and INSEAD with CII as a Knowledge Partner since inception,has been ranking world economies including India since 2007 according to their innovation capabilities and outcomes using 82 indicators among a host of other important parameters.
• It has established itself as both a leading reference on innovation and a ‘tool for action’ for policy makers.
• India currently ranks 66^thout of 128 countries on the Global innovation Index (GII) 2016.

To improve India’s rank in GII and other international indices, NITI Aayog jointly with Confederation of Indian Industry (CII) and Department of Industrial Policy and Promotion (DIPP), organized the Global Innovation Index – India Roundtable on 31^st January in the capital.