India ranks 60th out of 127 countries on the Global Innovation Index (GII) 2017 as compared to 66th rank on GII 2016. In order to make India an innovation-driven economy, the NITI Aayog, Department of Industrial Policy & Promotion (DIPP) and Confederation of Indian Industry (CII) together launched a mega initiative “India Innovation Index”.
In a written reply to a Lok Sabha question, Minister of State (HRD), Dr Satya Pal Singh said that this initiative helps in ranking states on Innovations through country’s first online innovation index portal that will capture data on innovation from all Indian states on innovation and regularly update it in real time.
The Minister further informed that the Smart India Hackathon and Smart India Hardware Hackathon have been launched to improve the innovative abilities of the students in the Higher Education Institutions. The Smart India Hackathon has received a huge response when it was launched in 2017 and this would be continued an annual event.
The Start-Up India initiative of the Government has also put in place a mechanism for identifying and incubating the innovative ideas. The Government is also promoting research parks (RPs) and technology business incubators (TBIs) which would nurture and promote the innovative ideas till they become commercial ventures. The projects for promoting research and innovation like the IMPRINT and Uchhatar Avishkar Yojana (UAY) have brought focused attention to the scientific community on the need for promoting innovation.