NITI Aayog’s India Innovation Index 2021 -Karnataka, Manipur and Chandigarh on Top
Tags: Economy/Finance National News
NITI Aayog’s India Innovation Index (third edition) released on 21 July by NITI Aayog Vice Chairman Suman Bery.
Important facts
Karnataka has topped the India Innovation Index.
Telangana and Haryana are second and third in the ranking, respectively.
Karnataka has again topped the 'Major States' category.
Manipur tops the category of 'Northeast and Hill States' followed by Uttarakhand and Meghalaya.
Chandigarh tops the 'Union Territories' category, followed by Delhi.
Why is Karnataka on top in the ranking?
Karnataka tops the list for attracting FDI and having a large number of venture capital deals.
Karnataka is also the top 'performer' in terms of information and communication technology exports and Geographical Indication registration.
What is the India Innovation Index?
The Index is released by NITI Aayog and the Institute for Competitiveness every year.
It is a comprehensive tool for the evaluation and development of the country’s innovation ecosystem.
The first and second editions were launched in 2019 and 2021 respectively.
Under this, the states and union territories are ranked on their innovation performance to create healthy competition among them.
This time 66 indicators have been included as compared to 36 indicators used in the previous edition.
Significance of the Index
The latest report is based on the framework of the Global Innovation Index (GII), which strengthens the scope of innovation analysis in the country.
Innovation is at the forefront of India's 'Make in India' and 'Atmanirbhar Bharat' initiatives.
By emphasizing on innovation, India can increase its manufacturing and develop its export competitiveness.
It showcases the innovative capabilities of the states, highlights their strengths and weaknesses.
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