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.

Please Rate this article, so that we can improve the quality for you -