Government and industry must synergise their efforts to promote R&D and innovation in the country. This was stated by Shri. Ratan P Watal, Principal Adviser, NITI Aayog & Member Secretary of the Economic Advisory Council to the Prime Minister at the India launch of Global Innovation Index 2018 in New Delhi on 8th August 2018.
The event was organized by the Confederation of Indian Industry (CII) – one of the founding partners of GII along with the World Intellectual Property Organization (WIPO), in collaboration with the Department of Industrial Policy and Promotion (DIPP). India’s rank on the Global Innovation Index (GII) has improved from 60 in 2017 to 57 in 2018. India has been consistently climbing the GII ranking for the past two years.
1. Transform India’s Innovation Ecosystem by formulating a New Innovation Policy to attract R&D investment into cutting-edge technologies and build appropriate infrastructure and institutions.
2. Tap Global hotspots of Innovation in latest technologies like AI, Blockchain and Robotics etc.
3. Connect Tinkering labs in schools with start-ups, business and high-end educational institutions.
4. Target efficient, productive and outcome driven R&D in the Government Sector.