Source: PIB
Context: NITI Aayog is releasing the third edition of the Export Preparedness Index (EPI) for States/UTs of India for the year 2022
The report discusses India’s export performance, followed by an overview of the country’s sector-specific export performance. The report further highlights the need to develop our districts as export hubs in the country and undertakes a district-level analysis of merchandise exports in the country.
About the Report:
| EPI is a comprehensive tool that measures the export preparedness of the States and UTs in India. | |
| Aim | To undertake a comprehensive analysis of States and UTs across export-related parameters in order to identify their strengths and weaknesses. |
| To highlight the achievements of states/UTs and encourage peer learning among the states/UTs to uphold the spirit of competitive federalism. | |
| Pillars | Policy Pillar: Evaluates state’s and UTs’ performance based on its adoption of the export-related policy ecosystem at a state and district level, as well as the institutional framework surrounding the ecosystem. |
| Business Ecosystem: Assesses the prevailing business environment in a state/UT, along with the extent of business-supportive infrastructure and a state/UT’s transport connectivity. | |
| Export Ecosystem: Focuses on the export-related infrastructure in a state/UT, trade support provided to exporters, and the prevalence of Research and Development in the state/UT to foster innovation. | |
| Export Performance: An output-based indicator that gauges the growth of a state’s export over the previous year and analyzes its export concentration and footprint on the global markets. | |
Related News
India’s exports decline by 22% in June
Source: TOI
In June, India’s exports experienced a significant decline of 22% to about $33 billion compared to $42.28 billion in the previous year. This is the steepest monthly decline in exports in 3 years.
Reasons for the decline: Global slowdown (e.g., the US and Europe); Inflationary pressure; Tightening of Monetary policies by developed countries; India’s poor manufacturing sector’s performance; Companies looking at a China+1 policy are moving to India’s competitor countries like Vietnam
