CURRENT AFFAIRS

Detailed explanation-1: -The India Innovation Index is released by NITI Aayog and the Institute for Competitiveness every year. The index attempts to create an extensive framework for the continuous evaluation of the innovation environment in all States and Union Territories; it ranks them on the basis of their scores.

Detailed explanation-2: -Prepared by NITI Aayog and the Institute for Competitiveness, the India Innovation Index is a comprehensive tool for the evaluation and development of the country’s innovation ecosystem. It ranks the states and the union territories on their innovation performance to build healthy competition amongst them.

Detailed explanation-3: -Recently, India Innovation Index Report 2021 was released by NITI (National Institution for Transforming India) Aayog.

Detailed explanation-4: -This is the third edition of the Report, which highlights the scope of innovation analysis in the country by drawing on the framework of the Global Innovation Index. The number of indicators has increased from 36 (in the India Innovation Index 2020) to 66 (in the India Innovation Index 2021).

Detailed explanation-5: -India climbs to the 40th rank in the Global Innovation Index of WIPO; a huge leap of 41 places in 7 years.