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India Innovation Index
Why is it in news?
- The second edition of India Innovation Index is recently released by NITI Aayog.
Key findings of the report:
- Karnataka retained its leadership position in the major States category.
- Karnataka is followed by Maharashtra, which moved past Tamil Nadu to occupy the second place.
- Jharkhand, Chhattisgarh and Bihar scored the lowest on the index, which put them at the bottom in the “major States” category.
- Karnataka’s rank is attributable to its substantive number of venture capital deals, registered GIs and ICT exports.
- The high Foreign Direct Investment (FDI) inflow has also enhanced the innovation capabilities of Karnataka.
- Delhi topped among Union Territories, and Himachal Pradesh among North-Eastern and Hill States.
About the Index:
- The India Innovation Index aims to create an extensive framework for a continual evaluation of India’s innovation environment.
- The index ranks States and UTs based on their scores, recognise opportunities and challenges.
- It help assist in tailoring government policies to foster innovation.