Source: The post is based on the article “Export Preparedness Index (EPI) Report, 2022” published in PIB on 14th July 2023
What is the News?
NITI Aayog will be releasing the third edition of Export Preparedness Index (EPI) for States/UTs of India for the year 2022.
What is the Export Preparedness Index (EPI)?
EPI is a comprehensive tool which measures the export preparedness of the States and UTs in India.
Aim: To undertake a comprehensive analysis of States and UTs across export-related parameters in order to identify their strengths and weaknesses.
– To present a comprehensive picture of states and UT’s export preparedness.
– To highlight the achievements of states/UTs and encourage peer-learning among the states/UTs to uphold the spirit of competitive federalism.
Pillars: The index assess the performance of the States and UTs across four pillars:
– 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 analyzes its export concentration and footprint on the global markets.
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