Karnataka tops innovation ranking of states, best investment destination in India: Niti Aayog
Telangana, Haryana, Kerala, Uttar Pradesh, West Bengal, Gujarat, and Andhra Pradesh were among the other states that topped the India Innovation Index 2019.
Karnataka has topped the first-ever innovation ranking of states, followed by Tamil Nadu and Maharasthra, a Niti Aayog-sponsored report said on Thursday. Bihar, Jharkhand, and Chhattisgarh, on the other hand, trailed on the list.
The India Innovation Index 2019, developed on the lines of Global Innovation Index (GII), looks into the innovation ecosystem of Indian states and union territories to help policymakers design policies to drive innovation across regions.
The report was released by Niti Aayog Vice Chairman Rajiv Kumar and Chief Executive Officer Amitabh Kant here.
The ranking was done in three categories: Major States, North East and Hill States, and Union Territories (UTs)/City and Small States. Sikkim topped in the North-East category, while Delhi was at the top in the UT segment.
Telangana, Haryana, Kerala, Uttar Pradesh, West Bengal, Gujarat, and Andhra Pradesh were among the other states that topped the innovation index.
The report, which has captured trends and done deep-drive analyses of various factors that drive innovation at the country, state and pillar levels, envisages helping policymakers and corporates identify some of the issues at a sustainable level in India.
Working to drive innovation
The index has been grouped under two major heads, enablers, factors that will drive innovation in states and UTs, and performance, that will measure the actual outcomes in the innovation competitiveness of states.
In terms of attracting investment, the top position was again bagged by Karnataka among major states, followed by Maharashtra, Haryana, Kerala, Tamil Nadu, Gujarat, Telangana, Rajasthan, and Uttar Pradesh.
Bihar, Jharkhand, and Punjab were the least attractive states for investment.
Among North East and Hill States, Manipur, Arunachal Pradesh, and Tripura were the top three states while among the UTs, Lakshadweep, Delhi, and Goa were the top three regions.
"For a country as large as India, the state of innovation needs to be understood at the regional level for effective policy formulation. A policy just at the national level is not enough. Each state needs to formulate its own policy, based on its unique resources and strengths and which caters to the specific needs," the report said.
Kumar said innovation has always been a driver of change and progress in any economy as it disrupts traditional practices and businesses.
"The first India Innovation Index will help create a conducive ecosystem for innovation to flourish across the country. Such an index will not only help to devise their own strategy for fostering an innovation climate, it will also enable them to benchmark their performance with other states," Kumar pointed out.
Amitabh Kant said that India Innovation Index is another initiative that has been launched by the Niti Aayog to analyse and enhance the innovation environment at the state level in India.
"The index will be useful to states and union territories by benchmarking their performance against their peers to understand reasons for differential performance and devise better strategies towards creating an environment that fosters innovation," Amitabh Kant said.
(Edited by Teja Lele Desai)
Want to make your startup journey smooth? YS Education brings a comprehensive Funding Course, where you also get a chance to pitch your business plan to top investors. Click here to know more.