NITI Aayog To Join Hands with CII To Develop A Roadmap For Global Innovation Index
23, Aug 2018
Prelims level : Global Innovation Index Mains level : India’s position in innovation and measures required to promote innovation culture.
Why in News?
- NITI Aayog has proposed to join hands with Confederation of Indian Industry (CII) to develop a Roadmap for Top 10 Rank in Global Innovation Index (GII).
- Global Innovation Index 2018 has placed India at the 57th position among 130 countries.
Boosting Innovation in India:
- The India Innovation Index was launched by NITI Aayog, Confederation of Indian Industry (CII) along with the World Intellectual Property Organization (WIPO), in collaboration with the Department of Industrial Policy and Promotion (DIPP).
- India’s rank on the Global Innovation Index (GII) has improved from 60 in 2017 to 57 in 2018
- India has been consistently climbing the GII ranking for the past two years.
Importance of GII:
- It provided an opportunity to look at examples from similar economies from across the world and understand how they effected change in their countries.
- We can also draw a distinction between Innovation and Invention and emphasized the role of pure science in building scientific temper in the country.
- Ratan Watal, Principal Adviser of NITI Aayog underlined the need to- Transform India’s Innovation Ecosystem by formulating a New Innovation Policy to attract R&D investment into cutting edge technologies and build appropriate infrastructure and institutions.
- Tap Global hotspots of Innovation in latest technologies like AI, Blockchain and Robotics etc.
- Connect Tinkering labs in schools with start-ups, business and high end educational institutions.
- Target efficient, productive and outcome driven R&D in the Government Sector.
- The GII 2018 marks the 11th edition of the GII, and the beginning of its second decade providing data and insights gathered from tracking innovation across the globe.
- This year’s edition, is dedicated to the theme of Energizing the World with Innovation. It analyses the energy innovation landscape of the next decade and identifies possible breakthroughs in fields such as energy production, storage, distribution, and consumption.
- It also looks at how breakthrough innovation occurs at the grassroots level and describes how small-scale renewable systems are on the rise.
Performance of India:
- This year, India has moved up 3 places as compared to 60th rank in GII 2017 and emerged as top-ranked economy in Central and South Asia.
- India is a top performer in the lower middle-income group, where it is ranked at fifth position. It is the most innovative country in its region of central and southern Asia.
- In the indicators that capture the quality of innovation inputs and outputs, India is ranked second after China in the lower and upper middle-income group combined.
- However, India has fared badly on indicators such as ease of starting business, political stability and safety, overall education and environmental performance.
Global Innovation Index:
- The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation.
- GII is jointly released by Cornell University, INSEAD and World Intellectual Property Organisation (WIPO). GII ranks 126 economies based on 80 indicators.
- It is based on both subjective and objective data derived from several sources, including the International Telecommunication Union, the World Bank and the World Economic Forum.
- The index was started in 2007 by INSEAD and World Business, a British magazine.
- The GII is commonly used by corporate and government officials to compare countries by their level of innovation.