Export Preparedness Index (EPI), 2024

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Why in News?

Recently, the NITI Aayog released the Export Preparedness Index (EPI) 2024.

Aim – To provide a comprehensive assessment of the export preparedness of India’s States and Union Territories.

Released by – NITI Aayog.
Edition – 4^th edition, since its first edition was published in August 2020.
Objectives – Recognize diverse subnational economies and promote cooperative federalism.
Assess subnational export strength, resilience and inclusiveness.
Identify challenges, growth levers and policy opportunities.
Key Pillars – The Export Preparedness Index (EPI) 2024 is structured around 4 pillars, further disaggregated into 13 sub-pillars and 70 indicators.
The 2024 edition has new dimensions such as macroeconomic stability, cost competitiveness, human capital, financial access and MSME ecosystem.

Pillars	Weightage	Sub-Pillars
Export infrastructure	20%	Utilities
		Logistics
Business ecosystem	40%	Macroeconomy
		Cost competitiveness
		Human capital
		Finance and credit accessibility
		MSME ecosystem
		Industrial and innovation environment
Policy and governance	20%	State-level support and governance
		Regulatory environment and governance
Export performance	20%	State-level export and trends
		Export promotion and facilitation
		Export portfolio and market access

Classification – Large States, Small States, North Eastern States and Union Territories.
Performance Categories –
- 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.
Top Performers –

Rank	Large States	Small States, North Eastern States & Union Territories
1	Maharashtra	Uttarakhand
2	Tamil Nadu	Jammu and Kashmir
3	Gujarat	Nagaland
4	Uttar Pradesh	Dadra and Nagar Haveli & Daman and Diu
5	Andhra Pradesh	Goa

Alignment – Aligned with India’s objective of achieving USD 1 trillion in merchandise exports by 2030. Aligned with the vision of Viksit Bharat @2047.

References