Skip to main content

Export Preparedness Index 2021-ECONOMY(31st March)

By March 31, 2022May 25th, 2022Economy, GS 3, Uncategorized

Economy 

Export Preparedness Index 2021

  • NITI Aayog, in partnership with the Institute of Competitiveness, released the Export Preparedness Index (EPI) 2021
  • First edition of EPI was released in 2020.

Significance of Report

  • The report is a comprehensive analysis of India’s export achievements.
  • The index can be used by states and union territories (UTs) to benchmark their performance against their peers and analyse potential challenges to develop better policy mechanisms to foster export-led growth at the subnational level.

4 Pillars of the Report 

•        The Export Preparedness Index is a data-driven endeavour to identify the fundamental areas critical for subnational export promotion.

Export Ecosystem

Export Performance

Policy

Business Ecosystem

 

 

 

11 Sub-pillars

  • Export Promotion Policy
  • Institutional Framework
  • Business Environment
  • Infrastructure
  • Transport Connectivity
  • Access to Finance
  • Export Infrastructure
  • Trade Support
  • R&D Infrastructure
  • Export Diversification
  • Growth Orientation.

Key Findings

Overall Rankings

 image

 

Category Wise ranking

imageimage

imageimage

Three major challenges to India’s export promotion:

  • Intra- and inter-regional differences in export infrastructure
  • Weak trade support and growth orientation across states
  • Lack of R&D infrastructure to promote complex and unique exports

 

The EPI’s Primary Goal

  • To instil competition among all Indian states
  • To bring about favourable export-promotion policies
  • Ease the regulatory framework to prompt subnational export promotion
  • Create the necessary infrastructure for exports
  • Assist in identifying strategic recommendations for improving export competitiveness.

It promotes competitive federalism and a fair contest among States/UTs.

 

Leave a Reply