National Manufacturing Innovation Survey (NMIS) 2021-22

Tags: Reports Economy/Finance

National Manufacturing Innovation Survey (NMIS) 2021-22

Dr. S. Chandrasekhar, Secretary, Department of Science and Technology, released the “National Manufacturing Innovation Survey (NMIS) 2021-22: Summary for Policymakers" on April 27, 2023.

Major Findings of the report

  • 25.01% of the 8,074 firms surveyed were considered innovative.

  • The 25% of firms that reported innovation in the survey saw 83% increase in turnover and 80% opening up new opportunities in the market.

  • Only 15% of micro firms are innovative while it is 56% in large firms.

  • Over 45% of firms reported that lack of funding within the firm or group was the most common constraint, followed by high innovation costs (40.30%) and lack of finance from external sources (39.52%).

  • The most important constraints were the low demand for innovations in the market (71.23%).

What is the NMIS survey?

  • It is a joint study by the Department of Science and Technology (DST) and the United Nations Industrial Development Organization (UNIDO) to evaluate the innovation performance of manufacturing firms in India.

  • The study is a follow-up to DST's first National Innovation Survey conducted in 2011.

  • The survey had two distinct components: the firm-level survey and the Sectoral Systems of Innovation (SSI) survey.

  • The study was not designed to assess the effectiveness of specific policies individually or collectively.

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