The NITI Aayog today announced the Export Preparedness Index (EPI) 2020. EPI is about identifying challenges and opportunities; Enhancing the effectiveness of government policies and promoting a convenient regulatory framework.
The structure of EPI consists of four pillars namely Policy, Business Ecosystem, Export Ecosystem and Export Performance.
It includes 11 sub-pillars like Export Promotion Policy, Institutional Framework, Business Environment, Infrastructure and Transport Connectivity.
- The Export Readiness Index assesses the capabilities and capabilities of the states to make this vision a reality.
- A detailed insight into the index will guide all stakeholders towards strengthening the export ecosystem at both national and sub-national levels.
- NITI Aayog, Chief Executive Officer Amitabh Kant said that the Export-Readiness Speculation Index is a data-based effort to identify key sectors that are important for exports at the sub-national level.
- States and Union Territories are assessed on criteria that are important for any particular economic unit for sustainable export growth.
- This edition of the EPI shows that most of the Indian states have performed averagely well in terms of export diversification, transport connectivity and infrastructure sub-pillars.
- Most coastal states are the best performers. Gujarat, Maharashtra and Tamil Nadu are in the top three.
- Indian economy by focusing on ‘Self-Reliance India’, there is a need to increase exports to all the States and Union Territories.
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