NITI Aayog releases report on Export Preparedness Index (EPI) 2020

NITI Aayog has released the report on Export Preparedness Index (EPI) 2020 in partnership with the Institute of Competitiveness. The report evaluates the export preparedness and performance of Indian states. It aims to identify the challenges and opportunities; improve the effectiveness of government policies; and promote a facilitative regulatory framework. Gujarat, Maharashtra and Tamil Nadu occupied the top three ranks in the Export Preparedness Index (EPI) 2020.

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About the Export Preparedness Index (EPI) 2020:

The structure of Export Preparedness Index (EPI) 2020 comprises of 4 pillars:

Policy
Business Ecosystem
Export Ecosystem
Export Performance

The Export Preparedness Index will guide the state governments to benchmark regional performance with respect to export promotion and also provide key policy insights on how to improve and enhance the same.

Some important highlights of the report:

Most Indian states performed well on average in the sub-pillars of Exports Diversification, Transport Connectivity, and Infrastructure.
Gujarat, Maharashtra and Tamil Nadu occupied the top three ranks in the Export Preparedness Index (EPI) 2020.
Delhi has performed the best, followed by Goa and Chandigarh among the Union Territories.
According to the report, India faces the following three fundamental challenges in the export promotion

i) intra- and inter-regional disparities in export infrastructure
ii) poor trade support and growth orientation among states
iii) poor R&D infrastructure to promote complex and unique exports.

Important takeaways for all competitive exams: