3rd Edition of ‘Export Preparedness Index (EPI) 2022’ for States/UTs
The recently released Export Preparedness Index (EPI) 2022 report by NITI Aayog has garnered significant attention as it provides valuable insights to empower state governments in India. With the objective of assisting decision-making, identifying strengths, addressing weaknesses, and fostering comprehensive growth, the report aims to enhance the export potential of states and Union Territories (UTs) across the country.
Four Pillars of Analysis
The EPI 2022 report assesses the progress of states and UTs by considering four key aspects: Policy, Business Environment, Export Infrastructure, and Export Achievement. By examining these pillars, the report provides a comprehensive analysis of the export preparedness of each region.
Top Performers
The report highlights that Tamil Nadu, Maharashtra, Karnataka, and Gujarat emerged as the top-performing states in the Export Preparedness Index. These states have demonstrated remarkable performance across all categories, reflecting their robust export ecosystems and policies.
Empowering State Governments
The significance of the EPI report lies in its ability to empower state governments. It encourages them to develop context-specific solutions to challenges, promote unique products, invest in research and development, and explore new markets for exports. By leveraging their comparative advantages, states can foster competitiveness in service and agriculture exports, alongside manufacturing, paving the way for India’s economic growth.
Contribution to Economic Growth and Productivity
The EPI report emphasizes the importance of exporting firms, noting that they are more productive than domestic firms. Their presence stimulates the demand for skilled labor, which positively impacts overall productivity, revenue, job quality, and industrial infrastructure within a state. By focusing on enhancing export performance, states can drive economic growth and elevate productivity levels.
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Month: Current Affairs - July, 2023
Category: Reports & Indexes Current Affairs