Authorities assume tank NITI Aayog has invited expression of curiosity for preparation of the India Innovation Index 2025, with an intention to encourage states to enhance their innovation surroundings. In a discover, Niti Aayog stated innovation has at all times been a driver of change and progress in an financial system, because it disrupts conventional practices, encourages new processes, and generates new enterprise fashions.
Over the previous few years, ‘innovation’ has been made a precedence by the federal government in direction of realizing the objective of a “New India”, it added.
In response to the discover, the India lnnovation Index (III) was envisaged to encourage states to look at and enhance their innovation surroundings and innovation efficiency, which might additional result in an enchancment in India’s general innovation efficiency.
The phrases of reference of the index embrace understanding and analyzing the general innovation ecosystem of the nation.
It additionally contains creating a weighting scheme for every indicator, assigning acceptable weights to every indicator based mostly on its relative significance within the general Innovation ecosystem.
