Q. What steps are required to ensure a top-50 rank for India in Global Innovation Index by 2022?
Recognising the crucial role of technology and innovation in economic development, India’s policymakers have taken several initiatives to promote science, technology, and innovation such as National Innovation
Foundation, Science, Technology, and Innovation (STI) Policy and Atal Innovation Mission:
- Dedicated Body: Empowered body to steer holistically the management of science covering science education and scientific research under its scope
- Marketing and Information dissemination: Existing public-funded R&D and technology institutions like CSIR, DRDO, BARC, etc suffer from poor marketing skills and information dissemination
- Promote grass-root innovation: District Innovation Fund can be set up with a decent corpus
- Credit Availability: Higher Education Commission may consider giving credits for innovation and startups and can also set up online entrepreneurial development in courses in colleges and universities
- Foreign Collaborations: Expertise of foreign experts in emerging areas of basic sciences such as nanotechnology, stem cell research, astronomy, genetics, drug discovery etc.
India has become a major destination for outsourced R&D activities of multinational companies such as IBM, Google, and Microsoft, etc. But yet there are a lot of challenges to become an innovation-led society such as low R& D expenditure, the low number of professionals, disconnect between research, higher education industry, and lack of scientific temperament.