NITI Aayog releases the third edition of the ‘Export Preparedness Index (EPI) 2022’ for States/UTs
- NITI Aayog recently released the third edition of the report titled ‘Export Preparedness Index (EPI) 2022’ for States/UTs of India.
- The EPI 2022 report seeks to empower State governments with region-specific insights to assist decision-making, identify strengths, address weaknesses, and foster comprehensive growth across States and UTs of India.
- The EPI 2022 recognizes that by unlocking regional competitiveness and leveraging our innate diversity, India can enhance its export potential.
- The report presents a comprehensive analysis of India’s export performance in FY22, along with its sector-specific and district-level merchandise export trends.
Export Preparedness Index (EPI)
- It aims to identify challenges and opportunities, enhance the effectiveness of government policies and encourage a facilitative regulatory framework for export.
- The index entails four pillars, eleven sub pillars and sixty indicators and covers across 28 states and 8 UTs.
- Four Pillars
- Policy: A comprehensive trade policy providing a strategic direction for exports and imports.
- Business Ecosystem: An efficient business ecosystem helping states attract investments and create an enabling infrastructure for individuals to initiate start-ups.
- Export Ecosystem: Assess the business environment, which is specific to exports.
- Export Performance: This is the only output-based parameter and examines the reach of export footprints of States and Union Territories.
- The EPI is a data-driven effort to identify the core areas crucial for export promotion at the sub-national level (states and union territories).
- It explores and highlights India’s export potential by examining the different contributions made by each state and union territories
- The report aims to facilitate competitive federalism in the country which creates a spirit of healthy competition among the states and encourages peer-learning among the states.
Key Findings
- The EPI 2022 Report observed that most ‘Coastal States’ have performed well, with the states of Tamil Nadu, Maharashtra, Karnataka and Gujarat being the top-performers in all categories of states.
- The efforts of state governments in improving the policy ecosystem have led many states to create export promotion policies and district-level export action plans.
- However, there is a scope for improvement in business and export ecosystem in many states which is necessary to improve their export performance.
Prelims Takeaway
- Export Preparedness Index(EPI)
- NITI Aayog