Role Of Innovation In Building A Strong India: Initiatives & Challenges

India has been on a rising trajectory, over the past several years in the Global Innovation Index (GII), from a rank of 81 in 2015 to 46 in 2021. The consistent improvement in the GII ranking is owing to the immense knowledge capital, the vibrant start-up ecosystem, and the work done by the public and the private research organizations.

• As part of the broader policy agenda, innovation helps to drive economic growth and address socio-economic challenges such as poverty and health. Poverty-related effects can substantially influence opportunities for engaging in entrepreneurial activities (e.g. ill health reduces the potential productivity of workers), ....