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India ranked 60th most innovative country on the Global Innovation Index-2017

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currently ranks 60th out of 127 countries on the Global Index (GII) 2017 as compared to 66th rank on 2016.

In order to make an innovation- driven economy, Aayog, (DIPP) and (CII) together launched a mega initiative Index that will rank states on Innovations through country's first online index portal that will capture data on innovation from all Indian states on innovation and regularly update it in

Further, the Smart India and Smart India Hardware have been launched to improve the innovative abilities of the students in the Higher Education Institutions. The Smart India has received huge response when it was launched in 2017 and this would be continued as annual event.

The Government is also promoting research parks (RPs) and (TBIs) which would nurture and promote the innovative ideas till they become commercial ventures.

The projects for promoting research and innovation like the IMPRINT and Uchhatar Avishkar Yojana (UAY) have brought focused attention of the scientific community on the need for promoting innovation.

The Start Up India initiative of the Government has also put in place a mechanism for identifying and incubating the innovative ideas.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 19 2017. 09:27 IST