EXPORT
PREPAREDNESS INDEX - REPORTS AND INDICES
News:
Tamil Nadu tops NITI’s
Export Preparedness Index 2022 among coastal states
What's
in the news?
● Tamil Nadu
has pipped Maharashtra and Gujarat to emerge as the top state among coastal
states in the Niti Aayog’s Export Preparedness Index 2022.
Export
Preparedness Index (EPI):
● EPI
is a comprehensive tool aimed at gauging the export readiness of India's states
and union territories (UTS).
● The
index analyses various parameters, enabling the identification of strengths and
weaknesses in each region and offering valuable insights for effective policy
formulation.
Four
Pillars:
1.
Policy - It evaluates the effectiveness of a state's trade
policy, providing strategic direction for both exports and imports.
2.
Business Ecosystem - The efficiency of a business ecosystem
is crucial for attracting investments and fostering an enabling infrastructure
for startups and entrepreneurship.
3.
Export Ecosystem - The pillar assesses the business
environment specific to exports, determining the level of support and
facilitation provided to exporters.
4.
Export Performance - The sole output-based parameter, this
pillar examines the reach of export footprints in states and UTs, measuring
their actual export achievements.
10
Sub-pillars:
● Export
Promotion Policy, Institutional Framework, Business Environment;
Infrastructure, Transport Connectivity, Export Infrastructure, Trade Support,
R&D Infrastructure, Export Diversification and Growth Orientation.
States
performance:
1.
Export-Competitive State:
● Top Contenders
- Tamil Nadu, Maharashtra, Karnataka, and Gujarat (last year's leader) followed
closely, while Haryana claimed the fifth position.
● Coastal States Dominance
- Coastal states dominated the top rankings, with four out of the top five
positions occupied by them. Andhra Pradesh also secured the ninth spot.
● Gujarat - Leading Merchandise
Exporter - Gujarat holds the top position as the leading
merchandise exporter, accounting for one-third of India's total merchandise
exports.
2.
Top Five Exporting States:
● Maharashtra,
Tamil Nadu, Karnataka, and Uttar Pradesh complete India's top five exporters.
3.
Seven States Dominance:
● An
impressive 75% of India's total exports are contributed by just seven states.
India's
Export Performance:
1.
Resilient Exports:
● Despite
pandemic challenges and supply-side issues, India's goods exports remained
robust, reaching an all-time high of $447 billion in FY23.
2.
Target for FY24:
● The
government refrained from setting a specific export target for FY24 due to
global headwinds but may aim for $450 billion to $500 billion in goods exports.
3.
Services Exports:
● Services
exports amounted to $323 billion in FY23, bringing India's overall exports to
$770 billion.