2nd edition of India Innovation Index-2020 released

India Innovation Index-2020

NITI Aayog released the second edition of the India Innovation Index-2020. The index demonstrates the government’s continued commitment towards transforming the country into an innovation-driven economy. While releasing the India Innovation Index-2020 in New Delhi, Vice Chairman of NITI Aayog Rajiv Kumar said, the index illustrates that India is on the right path and the states are endeavouring to improve their innovative ecosystem.

In the India Innovation Index-2020, the States and Union Territories have been divided into 17 Major States, 10 North-East and Hill States and nine Union Territories and Small States for effectively comparing their performance. In the 2020 ranking, Karnataka retained its first position in the Major States category.

Maharashtra moved one position higher and stood at 2nd spot while Tamil Nadu slide to 3rd position. In the North East and Hill States category, Himachal Pradesh stands at first position followed by Uttarakhand and Manipur. Delhi stands at the first position while Chandigarh retained its second spot in the Union Territories and small States category.

India Innovation Index 2020: Key Highlights 

• The index provides the methodology to assess the innovation capacities and performance of Indian states.

• Under the index, the states and union territories have been divided into 17 Major States, 10 North-East and Hill States and 9 City States and Union Territories for effectively comparing their performance.

• The states and union territories have been ranked in two broad categories: outcome and governance. The index captures the trends and provides detailed analysis of the various factors that drive innovation at different levels-national, state, and district levels.

• The framework of India Innovation Index 2020 consists of 36 indicators including hard data (32 indicators) and four composite indicators.

• The index framework was shaped post discussions with experts in the domain of index creation and innovation.  It measures innovation inputs through ‘Five Enablers pillars’ and ‘Two Performance pillars’:

Five Enablers pillars: They capture elements of the state economy that act as inputs for the innovation environment.

a) Human Capital

b) Investment

c) Knowledge works

d) Business Environment

e) Safety and Legal Environment

Two Performance pillars: They depict the performance.

a) Knowledge output

b) Knowledge diffusion

• Each pillar comprises relevant indicators that were carefully selected to ensure a fair and accurate analysis of their respective pillars. The indicators cover both macroeconomic (government) and microeconomic (private enterprise) aspects.

 

read also https://taxconcept.net/defence-news/new-delhi-says-india-never-accepted-chinas-unilaterally-defined-1959-lac/

read also https://taxconcept.net/national-news/iffco-prasar-bharati-sign-mou-to-broadcast-promote-new-agriculture-technology-innovations/

Leave a Reply

S&P BSE SENSEX  ^BSESN 
₹ 48,544.06  ₹ 660.68  1.38%  
NIFTY 50  ^NSEI 
₹ 14,504.80  ₹ 194.00  1.36%  
NIFTY BANK  ^NSEBANK 
₹ 31,771.60  ₹ 979.60  3.18%  
USD/INR  INR=X 
₹ 75.26  ₹ 0.2800  0.37%  
Today is last Date of GSTR-1 GST TAXPAYERS WHO ARE UNDER QRMP SCHEME? Auto-population of e-invoice details into GSTR-1 trial ITR 1 and 4 Utilities for has been available for E-filing for the Assessment year 2021-2022 Accounting Software with Audit Trail Just In:- CBDT Issue clarification Knowledge is Power! Latest Post