India

Karnataka retains top position at India Innovation Index ranking

Karnataka has maintained its top position among the many main states’ class in Niti Aayog’s India Innovation Index rankings launched on Wednesday. The federal coverage suppose tank stated innovation had develop into extra essential than ever to revitalize the economic system in a post-pandemic world.

Maharashtra leapfrogged Tamil Nadu to take second place within the rankings, adopted by Telangana, Kerala, Haryana, Andhra Pradesh, Gujarat, Uttar Pradesh and Punjab. Among Union territories, and Northeastern and hill states, Delhi and Himachal Pradesh took the top spots, respectively.

“Karnataka’s rank is attributable to its substantive number of venture capital deals, registered geographical indicators and information and communications technology exports. Karnataka’s high Foreign Direct Investment (FDI) inflow has also enhanced the innovation capabilities of the state. Four southern states—Karnataka, Tamil Nadu, Telangana and Kerala—occupied the top five spots under the ‘Major States’ category this year,” a Niti Ayog report stated.

Overall, Delhi retained its primary rank. Chandigarh made a giant leap since 2019 and grabbed the second place this year. In the Northeeastern/hill states class, Himachal Pradesh moved up from the second position to emerge because the top ranker this year. The top 2019 performer on this class, Sikkim, slipped to the fourth spot.

“As the world grapples with the Covid-19 pandemic this year, the significance of innovation is even more greatly felt. While innovation has always been pivotal for higher productivity and economic growth, it is also crucial for bolstering a post-crisis economy. In this light, the foresight of the central government in fostering a culture of innovation through initiatives like the Atal Innovation Mission, Startup India, etc. is laudable,” Niti Aayog vice chairman Rajiv Kumar stated.

“The second edition of the index will allow states to continue to evaluate their innovation environment and assess their progress. The division of innovation into two dimensions, namely innovation capabilities (Enablers) and innovation outcomes (Performance) will give the states a better perspective for identifying the critical focus areas.,” he added.

The final version of the India Innovation Index, launched in October 2019, was a first-of-its-kind metric for assessing the innovation capabilities of Indian states and Union territories.

“Since then, India, and the world, have undergone a tectonic shift due to the Covid-19 pandemic. With the pandemic triggering an economic shutdown, the role of innovation to revitalize the economy, has never been more important,” the report stated.

“I hope that the India Innovation Index 2020 can help the country in recognizing the key areas of developmental intervention, with innovation as the central driver for growth,” Niti Aayog CEO Amitabh Kant stated.

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