Categories
Economics

NMIS (National Manufacturing Innovation Survey), 2021-22

The Ministry of Science and Technology’s Department of Science and Technology has published the National Manufacturing Innovation Survey (NMIS) 2021-22. Survey Questions

(1) Firm-level survey

  • It collected information about the types of innovations and the inventive tactics adopted by businesses.
  • This includes the innovation process, access to financing, resources, and information for innovation, as well as recording the elements influencing a firm’s innovation activities.
  • During the observation period, one in every four firms successfully implemented an innovation.
  • Over 80% of these businesses benefited significantly in terms of expanding markets, increasing production, and lowering costs.

(2) Sectorial System of Innovation survey

  • It mapped the manufacturing innovation system and its role in achieving firm-level innovation.
  • It assesses the interconnections of the innovation ecosystem’s stakeholders, impediments to innovation, and the convergence or divergence of policy instruments in five main industrial sectors essential to the Indian economy.

The main points

  • Dadra and Nagar Haveli, Daman and Diu (DNH&DD), Telangana, and Tamil Nadu are the most “innovative” states, followed by Karnataka.
  • Telangana, Karnataka, and Tamil Nadu had the largest proportion of innovative enterprises, accounting for 46.18%, 39.10%, and 31.90%, respectively.
  • Odisha, Bihar, and Jharkhand had the lowest proportion of such businesses, with 12.78%, 13.47%, and 13.71%, respectively.
  • Almost three-quarters of the 8,000-odd firms surveyed, the majority of which were micro, small, and medium enterprises (MSME), did not create any innovative products or processes.
  • However, nearly 80% of the firms that did report significant gains, such as expanding markets and lowering production costs, reported significant gains.

Identified impediments

  • The most common “barriers to innovation” were a lack of internal money, high innovation expenses, and a lack of external financing.
  • Despite being among India’s most industrialised states, Gujarat and DNH&DD showed the highest frequency of impediments to innovation.

The importance of the survey

  • It will contribute to the Make-in-India initiative, specifically the Production Linked Incentive (PLI) schemes.
  • It will aid in the expansion of manufacturing in a range of industries, including electronics, medicines, and autos.
Source: https://indianexpress.com/article/india/national-manufacturing-innovation-survey-dst-karnataka-telangana-8589073/
JOIN OUR NEWSLETTER
And get notified everytime we publish a new blog post.