4th edition of Export Preparedness Index (EPI) Released | Current Affairs | Vision IAS

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In Summary

  • EPI 2024, released by NITI Aayog, assesses export readiness of Indian States and UTs.
  • It aligns with India's USD 1 trillion merchandise export target by 2030.
  • The assessment is structured around four pillars: Export Infrastructure, Business Ecosystem, Policy & Governance, and Export Performance.

In Summary

EPI 2024 has been released by the NITI Aayog

About EPI 

  • EPI is a comprehensive assessment of export readiness across India’s States and Union Territories (UTs).
  • It is aligned with India’s USD 1 trillion merchandise export target by 2030.
  • Key Pillars & Indicators: Structured around four pillars, further disaggregated into 13 sub-pillars and 70 indicators.
    • Pillars and Weightage:  Export Infrastructure (20%), Business Ecosystem (40%), Policy & Governance (20%) and Export Performance (20%)
    • Sub-indicators: Trade & Logistics Infrastructure, Human Capital, etc. 
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RELATED TERMS

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Export Performance

The final pillar of the EPI, which directly measures the actual outcomes and achievements of states and UTs in terms of their export activities.

Policy & Governance

A pillar within the EPI that evaluates the effectiveness and efficiency of government policies and regulatory frameworks related to promoting exports and ensuring good governance in trade.

Business Ecosystem

A crucial pillar in the EPI, accounting for a significant weightage, it assesses the overall environment conducive to business operations, including factors that support export activities.

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