The World Economic Forum (WEF), NITI Aayog, World Intellectual Property Organization (WIPO) and Cornell University will work to develop an India Innovation Index.
Index will provide impetus to states to drive innovative spirit.
Based on the WIPO’s GII (Global Innovation Index), the India Innovation Index will be tailored to better reflect of India’s ground reality.
It will include metrics well suited to the Indian context for innovation.
India’s ranking rose considerably in the Global Innovation Index (GII) 2016 and the country is now an Innovation Achiever.
The index will be based on key pillars of innovation and sub-indices that together will assist in tailoring policies that promote inclusive growth.
The pillars include the strength of institutions, capacity of human capital and research, supporting infrastructure and the level of business sophistication.
Each partnering organization will nominate a working group member to work on the index.
The first ranking of Indian states is expected to be released at the India Economic Summit in October 2017.
