SME Times News Bureau | 10 Aug, 2018
and industry must synergise their efforts to promote R&D and innovation in
the country, said Ratan P Watal, Principal Adviser, NITI Aayog at the India
launch of Global Innovation Index 2018 in New Delhi on Wednesday.
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).
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
the index, Watal said, "The culture of spending on research
and development is growing in India and we are seeing the results in the form
of improvements in rankings such as the GII."
further said that GII 2018 report served another purpose. It provided an
opportunity to look at examples from similar economies from across the world
and understand how they effected change in their countries.
drew a distinction between Innovation and Invention and emphasized the role of
pure science in building scientific temper in the country.