The World Economic Forum, NITI Aayog, the World Intellectual Property Organization and the Cornell University will work together to develop an India Innovation Index that will provide impetus to Indian states to drive the innovative spirit.
“Prime Minister Modi believes that competitive and cooperative federalism is key to India’s progress. This index will encourage states to compete with each other and, in turn, lead to better policies for inclusive growth,” said Amitabh Kant, CEO of NITI Aayog. Each partnering organisation will nominate a working group member to work on the index. The first ranking is expected to be released at the India Economic Summit in New Delhi on October 4-6, 2017.
“We are delighted to collaborate on this index and believe that it can move India to an innovation-driven economy. We want to identify and measure the grassroots issues that affect innovation capabilities,” said Viraj Mehta, Head of India and South Asia, WEF.