The NITI Aayog, in collaboration with Indian Institute of Competitiveness, on Wednesday August 26, released the Export Preparedness Index (EPI) 2020.
This version of EPI has shown that most Indian states, on an average, have performed quite well across the sub-pillars of exports diversification, delivery connectivity and infrastructure.
It additionally states that most of the coastal states have performed better, with Gujarat, Maharashtra and Tamil Nadu procuring the top three positions, respectively.
Jammu Kashmir finishes last in the index of export preparedness.
What is the Export Preparedness Index or EPI?
EPI intends to perceive demanding situations and opportunities, enhance the effectiveness of government regulations and encourage a facilitative regulatory framework.
The structure of the EPI consists of four pillars that are policy, enterprise environment, Export atmosphere and Export overall performance.
It also has 11 sub-pillars like export promoting coverage, institutional framework, enterprise environment, infrastructure and delivery connectivity.
Among the landlocked states, Rajasthan is the top performer. Across the Himalayan states and United territories, Uttarakhand and Delhi are the top performing, respectively.
The EPI index ranked states on four key parameters –
- Coverage
- Commercial enterprise environment
- Export environment
- Export overall performance
The EPI index additionally took into attention eleven sub-pillars –
- Export promoting policy
- Institutional framework
- Business environment
- Infrastructure
- Delivery connectivity
- Access to finance
- Export infrastructure
- Trade support
- R&D infrastructure
- Export diversification
- Growth orientation
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On policy parameters, Maharashtra topped the index accompanied by Gujarat and Jharkhand, even as on enterprise environment parameters, Gujarat topped the list, followed by Delhi and Tamil Nadu.
Within the export surroundings parameter, Maharashtra crowned the index followed by using Odisha and Rajasthan.
On the export performance parameter, Mizoram led the index, followed by Gujarat and Maharashtra.
The record said at present, India’s export has been ruled by these five states – Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana.
On the occasion, NITI Aayog vice-president Dr Rajiv Kumar said the Indian financial system holds huge potential to grow to be a sturdy exporter on the arena stage.
He stated to recognise this vision that the Export Preparedness Index evaluates states’ potentials and capacities.
Dr Kumar added that it is hoped that the specified insights from this Index will guide all stakeholders towards strengthening the export environment at each countrywide and sub-country wide stages.
Check out the NITI Aayog tweet here:
Amitabh Kant, the chief executive officer of NITI Aayog, said that the Export Preparedness Index is an information-pushed effort to perceive the core areas that are important for export advertising on the sub-countrywide level. He said all the states and Union Territories were assessed on essential parameters which can be vital for any regular monetary unit to gain sustainable export growth.
NITI Aayog said to attain the target of creating India and an advanced economic system that specialises in ‘Atma Nirbhar Bharat’, there may be a need to grow exports from all the states and Union territories.
The EPI affords useful insights on how states can attain this goal.
Very well written 🙂
Thank you ayush