It is designed as a holistic tool which can be used by policymakers across the country to identify the challenges to be addressed and the strengths to leverage when designing the economic growth policies for their regions.
The India Innovation Index is calculated as the average of the scores of factors under ‘Enablers’ and ‘Performance’.
Enablers are the factors that underpin innovative capacities, grouped in five pillars — human capital, investment, knowledge workers, business environment, and safety and legal environment.
The Performance captures benefits that a nation derives from the inputs, divided in two pillars — knowledge output and knowledge diffusion.
The terms of reference of EoI include identifying quantifiable and qualitative indicators to measure innovation across India. The duration of the study would be 6 months following the award of the contract, the Aayog said.