Export Preparedness Index 2020: NITI Aayog

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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.

Key points of Dr. Rajiv Kumar, Vice Chairman, NITI Commission:

  1. The Export Readiness Index assesses the capabilities and capabilities of the states to make this vision a reality.
  2. A detailed insight into the index will guide all stakeholders towards strengthening the export ecosystem at both national and sub-national levels.
  3. 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.
  4. States and Union Territories are assessed on criteria that are important for any particular economic unit for sustainable export growth.
  5. 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.
  6. Most coastal states are the best performers. Gujarat, Maharashtra and Tamil Nadu are in the top three.
  7. Indian economy by focusing on ‘Self-Reliance India’, there is a need to increase exports to all the States and Union Territories.

Reference Used : http://newsonair.com/

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