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Source: The post is based on the article “Tamil Nadu tops NITI Aayog export preparedness index 2022, Gujarat skids to 4th slot” published in The Hindu on 19th July 2023
What is the News?
NITI Aayog has released the third edition of Export Preparedness Index (EPI) 2022.
What is the Export Preparedness Index(EPI)?
What are the key findings of Export Preparedness Index(EPI) 2022?
Topped by: Tamil Nadu has topped the index followed by Maharashtra and Karnataka.
– Gujarat, which held the top position in EPI 2021 (released in 2022) has been pushed to the fourth slot in EPI 2022.
Hilly States: Uttarakhand secured the top position among hilly/Himalayan states in the EPI 2022.
Landlocked States: Haryana topped the chart among the landlocked regions, indicating its preparedness for exports. It was followed by Telangana, Uttar Pradesh, Punjab, Madhya Pradesh, and Rajasthan.
Union Territories/Small States: Goa has ranked first followed by Jammu and Kashmir, Delhi, Andaman and Nicobar Islands, and Ladakh.
Districts: Out of the 680 districts engaged in exports, the top 100 districts contribute about 87% of the total exports from India.
– Among export districts, Jamnagar in Gujarat tops the index. It was followed by Surat, Mumbai Suburban, Mumbai, Pune, Bharuch and Kanchipuram.
India’s exports: Despite global slowdown, India’s exports in 2021-22 crossed an unprecedented USD 675 Billion, with trade in goods accounting for USD 420 billion.
– The value of merchandise exports crossed USD 400 billion in FY2022, an ambitious goal set by the government, reaching up to USD 422 billion by March 2022.
Recommendations: 1) Location-specific strategies to boost exports 2) Diversification of export markets (such as based on Gl products) 3) Leveraging foreign markets using FTAs 4) Identifying high-growth sectors such as pharmaceuticals, automotive, textiles and renewable energy and 5) Improvement in data availability.
