EXPORT PREPAREDNESS INDEX
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Context
- NITI Aayog, in collaboration with the Institute of Competitiveness, will release the second edition of the Export Preparedness Index (EPI) 2021.
- The first Index was launched in August 2020
About EPI
- The Export Preparedness Index ranks all States and Union Territories (UTs) on the basis of their export readiness and performance. EPI 2021 is based on four main pillars: policy; business ecosystem; export ecosystem; and export performance.
Importance
- The index 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.