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Export preparedness index (EPI) 2022
Context
Recently, the third edition of the report titled ‘Export Preparedness Index (EPI) 2022’ for States/UTs of India.
About the Report:
- Released by: NITI Aayog
- Aim: To evaluate the export performance and pending potential of the Indian States and Union Territories.
- Export Preparedness Index (EPI) is a comprehensive tool which measures the export preparedness of the States and UTs in India.
- The index undertakes a comprehensive analysis of States and UTs across export-related parameters in order to identify their strengths and weaknesses.
- Developing the methodology for the index is an evolving process which constantly incorporates stakeholder feedback.
- Significance:
- Exports are vital for simulating economic growth and development in a country, which necessitates understanding the factors which influence export performance.
Highlights of the Report:
- Tamil Nadu has been ranked the ‘One’ State in Export Preparedness Index (EPI) for 2022.
- It is followed by Maharashtra and Karnataka.
- Gujarat has been pushed to the fourth slot this time.
- The report also mentioned that Karnataka and Tamil Nadu have the highest number of GI products being exported.
- EPI assesses the performance of the States and UTs across four pillars – Policy, Business Ecosystem, Export Ecosystem, and Export Performance.
- Each pillar is composed of sub-pillars, which in turn capture a state’s performance using relevant indicators.
- Policy Pillar evaluates states and UTs’ performance based on its adoption of the export-related policy ecosystem at a state and district level as well as the institutional framework surrounding the ecosystem.
- Business Ecosystem assesses the prevailing business environment in a state/UT, along with the extent of business-supportive infrastructure, and a state/UTs’ transport connectivity.
- Export Ecosystem focuses on the export-related infrastructure in a state/UT along with the trade support provided to the exporters, and the prevalence of Research and Development in the state/UT to foster innovation.
- Export Performance is an output-based indicator which gauges the growth of a state’s export over the previous year and analyses its export concentration and footprint on the global markets.
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