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Business Economy


NITI Aayog releases report on Export Preparedness Index 2020

New Delhi, Aug 26 (UNI) Export Preparedness Index (EPI) 2020, which intends to identify challenges and opportunities; enhance the effectiveness of government policies; and encourage a facilitative regulatory framework, was released on Wednesday.
NITI Aayog in partnership with the Institute of Competitiveness released the EPI, which is the first report to examine export preparedness and performance of Indian states.
The structure of the EPI includes four pillars –Policy; Business Ecosystem; Export Ecosystem; Export Performance – and 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; and Growth Orientation.
NITI Aayog Vice Chairman Dr Rajiv Kumar said, ''The Indian economy holds immense potential to become a strong exporter on the world stage. To realize this potential, it is crucial that India turns to its states and union territories and makes them active participants in the country’s export efforts.
''In an attempt to realize this vision, the Export Preparedness Index 2020 evaluates states’ potentials and capacities. It is hoped that the detailed insights from this Index will guide all stakeholders towards strengthening the export ecosystem at both the national and sub-national levels.''
NITI Aayog Chief Executive Officer Amitabh Kant said, ''The Export Preparedness Index is a data-driven effort to identify the core areas crucial for export promotion at the sub-national level. All the states and union territories have been assessed on crucial parameters that are critical for any typical economic unit to achieve sustainable export growth.''
The Index would be a helpful guide for the state governments to benchmark regional performance with respect to export promotion and thus deliver key policy insights on how to improve and enhance the same, he added.
What this edition of the EPI has shown is that most Indian states performed well on average across the sub-pillars of Exports Diversification, Transport Connectivity, and Infrastructure. The average score of Indian states in these three sub-pillars was above 50 per cent.
Also, given the low standard deviation in Export Diversification and Transport Connectivity, the averages are not skewed to the higher side by a few over-achievers. However, Indian states should also focus on other key components in order to improve export competitiveness.
Overall, most of the Coastal States are the best performers. Gujarat, Maharashtra and Tamil Nadu occupy the top three ranks, respectively. Six of eight coastal states feature in the top ten rankings, indicating the presence of strong enabling and facilitating factors to promote exports.
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