EXPORT PREPAREDNESS INDEX

News: NITI Aayog released the Export Preparedness Index (EPI) 2024, a comprehensive assessment of export readiness across India’s States and Union Territories (UTs).

About

• The Index recognises the diversity of subnational economic structures and their critical role in advancing India’s global trade ambitions.
• The first edition of the EPI was published in August 2020 and this is the 4th edition.
• Aligned with India’s objective of achieving USD 1 trillion in merchandise exports by 2030 and the vision of Viksit Bharat @2047
• Provides an evidence-based framework to evaluate the strength, resilience, and inclusiveness of subnational export ecosystems

Pillars of Export Preparedness Index (EPI) 2024

Further disaggregated into 13 sub-pillars and 70 indicators

Classification of States and Union Territories

States and UTs have been categorised into Large States & Small States, North East States and Union Territories. Within each category, they are further classified as

• Leaders: States/UTs demonstrating relatively high export preparedness
• Challengers: States/UTs with moderate preparedness and scope for improvement
• Aspirers: States/UTs at early stages of export ecosystem development

Weightages assigned across pillars

• Export Infrastructure (20%): Utilities, logistics, connectivity, industrial infrastructure
• Business Ecosystem (40%): Macroeconomy, cost competitiveness, human capital, finance, MSMEs, innovation
• Policy & Governance (20%): State export policies, institutions, regulatory environment
• Export Performance (20%): Export outcomes, diversification, market access, facilitation

Top Performing States and Union Territories

Large States

1. Maharashtra
2. Tamil Nadu
3. Gujarat
4. Uttar Pradesh
5. Andhra Pradesh

Small States, North Eastern States & Union Territories

1. Uttarakhand
2. Jammu and Kashmir
3. Nagaland
4. Dadra and Nagar Haveli & Daman and Diu
5. Goa