Export Preparedness Index (EPI)- Relevance for UPSC Exam
- GS Paper 2: Governance, Administration and Challenges- Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
Export Preparedness Index (EPI) in News
- NITI Aayog, in collaboration with the Institute of Competitiveness, will release the second edition of the Export Preparedness Index (EPI) 2021 on 25 March.
- EPI 2021 is based on four main pillars: policy; business ecosystem; export ecosystem; and export performance.
What is Export Preparedness Index (EPI)?
- About: The Export Preparedness Index (EPI) ranks all States and Union Territories (UTs) on the basis of their export readiness and performance.
Who releases Export Preparedness Index (EPI)?
- NITI Aayog releases the Export Preparedness Index (EPI) in collaboration with the Institute of Competitiveness.
Importance of Export Preparedness Index (EPI)
- The Export Preparedness Index (EPI) can be used by States and UTs to benchmark their performance against their peers and analyze the potential challenges to develop better policy mechanisms to foster export-led growth at the subnational level.
- Promoting competitive federalism: Export Preparedness Index (EPI) shows the Government’s continued commitment towards promoting competitive federalism.
- With EPI, each state can identify its export opportunities and challenges and subsequently establish context-specific strategies for ensuring a conducive export ecosystem.
Export Preparedness Index (EPI) 2020
- Export Preparedness Index (EPI) 2020 was the first of its kind aimed at examining export preparedness and performance of Indian states, identifying challenges and opportunities.
- Ranking: Gujarat topped the NITI Aayog’s Export Preparedness Index 2020 followed by Maharashtra and Tamil Nadu securing the second and the third place respectively.
- The newly created Union Territory of Jammu and Kashmir was at the bottom of the Export Preparedness Index 2020 list.
- Among the landlocked states: Rajasthan tops the list followed by Telangana and Haryana. Bihar emerged as the weaker state.
- Among the Himalayan states: Uttarakhand tops the index followed by Tripura and Himachal Pradesh.
- Among UTs: Delhi gained the tag of best Union Territory followed by Goa and Chandigarh.
For a 5 trillion Dollar Economy, Exports Should Rise to 20% of GDP