Gist of Report: Export Preparedness Index-2021
4th Apr, 2022
Global Trade operating under the principles of comparative advantage plays a significant role in driving rapid economic growth of nations. Particularly for a developing country such as ours, exports remain an important engine of economic growth.
NITI Aayog has been focusing on the ambition of competitive federalism. The aim is to unite all states to work as ‘Team lndia’ as we believe in the vision that “strong states make a strong nation”. The second edition of the Export Preparedness Index considers this multi-dimensional character, as it assesses the export needs and strengths at the regional level. In the light of Competitive Federalism, this report encourages states to take insights from other states achievements and shape their policy measures in line with their unique strengths.
The EPI identifies several opportunities and challenges in the export sector at the State level. The index categorizes States and Union Territories under Coastal, Land Locked, Himalayan States, and UT/City-States. This classification has enabled a comparison between similarly placed States and across States. The EPI reviews the export policy, business ecosystem, export ecosystem, and export performance of all the States and also provides policy suggestions for future implementation.