Sharing this very interesting report created by the Niti Ayog. The report card of Indian States.
India’s vision of becoming a $5-trillion economy is intricately linked with an innovation-oriented approach to economic growth. In this present crisis-hit world, while most countries are looking inward, India should use this opportunity to build its innovative capabilities to meet future global demands by producing a range of novel products, services, and processes.
The 2020 edition builds on the previous year’s methodology by introducing more metrics to provide a more holistic outlook of the Indian economy. The framework is updated to include globally considered parameters for measuring innovation, such as the percentage of GDP spent on research and development, while keeping them specific to the Indian economy.
The India Innovation Index is the outcome of extensive research and analysis for evaluating India’s innovation readiness at a sub-national level, highlighting the obstacles that deter governments, businesses, and individuals from fully capturing the benefits of innovation. The report broadly consists of four thematic sections—the first talks about innovation and its ability to drive economic growth; the crucial role it plays in not only facilitating the country’s recovery but also sustaining competitiveness during these times. Apart from this, a comparison is drawn between India and select economies on various parameters to give an idea of how the country fares
globally.
http://www.niti.gov.in/sites/default...rt2020Book.pdf
17India’s vision of becoming a $5-trillion economy is intricately linked with an innovation-oriented approach to economic growth. In this present crisis-hit world, while most countries are looking inward, India should use this opportunity to build its innovative capabilities to meet future global demands by producing a range of novel products, services, and processes.
The 2020 edition builds on the previous year’s methodology by introducing more metrics to provide a more holistic outlook of the Indian economy. The framework is updated to include globally considered parameters for measuring innovation, such as the percentage of GDP spent on research and development, while keeping them specific to the Indian economy.
The India Innovation Index is the outcome of extensive research and analysis for evaluating India’s innovation readiness at a sub-national level, highlighting the obstacles that deter governments, businesses, and individuals from fully capturing the benefits of innovation. The report broadly consists of four thematic sections—the first talks about innovation and its ability to drive economic growth; the crucial role it plays in not only facilitating the country’s recovery but also sustaining competitiveness during these times. Apart from this, a comparison is drawn between India and select economies on various parameters to give an idea of how the country fares
globally.
http://www.niti.gov.in/sites/default...rt2020Book.pdf
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