Use:
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.
Challenges:
EPI 2021 brings out three major challenges to India’s export promotion.
- Intra- and inter-regional differences in export infrastructure
- Weak trade support and growth orientation across states
- Lack of R&D infrastructure to promote complex and unique exports
Goal:
The primary goal of the EPI is to instil competition among all Indian states (‘Coastal’, ‘Landlocked’, ‘Himalayan’, and ‘UTs/City-States’).
- To bring about favourable export-promotion policies, ease the regulatory framework to prompt subnational export promotion, create the necessary infrastructure for exports, and assist in identifying strategic recommendations for improving export competitiveness.