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.
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Export Ecosystem |
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Export Performance |
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Policy |
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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
Category Wise ranking
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.
