Economics Current

Export Preparedness Index, 2020

NITI Aayog released the Export Preparedness Index (EPI) 2020 on August 26 2020. As the first report to examine export preparedness and performance of Indian states, EPI intends to: identify challenges and opportunities; enhance the effectiveness of government policies; and encourage a facilitative regulatory framework.
4 Pillars:
·Business Ecosystem
·Export Ecosystem 
·Export Performance 
11 sub-pillars
·Export Promotion Policy
·Institutional Framework
·Business Environment
·Transport Connectivity
·Access to Finance
·Export Infrastructure
·Trade Support
·R&D Infrastructure
·Export Diversification
·Growth Orientation
What is EPI? EPI is a data-driven effort to identify the core areas crucial for export promotion at the sub-national level (states and union territories). The Index would be a helpful guide for the state governments to benchmark regional performance with respect to export promotion and thus deliver key policy insights on how to improve and enhance the exports.
What is NITI Aayog? Formed in 2015, NITI Aayog is a policy think tank of the Government of India, established with the aim to achieve sustainable development goals with cooperative federalism by fostering the involvement of State Governments of India in the economic policy-making process using a bottom-up approach.
Key findings:
·Gujarat has topped, followed by Maharashtra and Tamil Nadu.
·Among the landlocked states, Rajasthan has topped the index, followed by Telangana and Haryana.
·Among the Himalayan states, Uttarakhand topped the index, followed by Tripura and Himachal Pradesh.
·Across Union Territories, Delhi performed the best.
·India’s merchandise exports witnessed growth from USD 275.9 billion in 2016-17 to USD 331.0 billion in 2019-20.
·However, the Covid-19 crisis gave a major blow to the current fiscal, and India’s exports shrank by 60% in April 2020.

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