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Karnataka ranks as the most ‘innovative’ State: NMIS
Context
A survey on the degree of innovation among manufacturing firms found that Karnataka, overall, is the most “innovative” State, followed by Dadra and Nagar Haveli, Daman and Diu (DNH&DD), Telangana, and Tamil Nadu.
Key-highlights
- Highest and lowest share: Telangana, Karnataka, and Tamil Nadu had the highest share of innovative firms at 46.18%, 39.10% and 31.90%, respectively, with Odisha, Bihar, and Jharkhand reporting the lowest share of such firms at 12.78%, 13.47% and 13.71%, respectively.
- No innovation: Nearly three-fourths of the 8,000-odd firms surveyed, most of them micro, small, and medium enterprises (MSME), neither made any innovative product nor business process innovation during the survey period of financial years 2017-2020.
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The findings are part of the National Manufacturing Innovation Survey (NMIS) 2021-22, a joint study by the Department of Science and Technology (DST) and the United Nations Industrial Development Organization (UNIDO), to evaluate the innovation performance of manufacturing firms in India. |
What are the barriers to innovation?
- lack of internal funds
- high innovation costs
- lack of financing from external sources
- low demand for innovations in the market
- organisational rigidities within the firms
- insufficient innovation potential and lack of qualified personnel
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