Question

Q. The Export Preparedness Index is released by which of the following?

• A. Ministry of Commerce
• B. National Council of Applied Economic Research
• C. Niti Aayog
• D. Confederation of Indian Industry

Answer 1

The correct option is C Niti Aayog

Explanation:

• The report has been released by NITI Aayog in partnership with the Institute of Competitiveness.
• It is the first report to examine the export preparedness and performance of Indian states. EPI intends to identify challenges and opportunities; enhance the effectiveness of government policies; and encourage a facilitative regulatory framework.
• The 4 pillars used for the assessment and the rationale behind the selection of each of them are given below:
  1. Policy: A comprehensive trade policy provides a strategic direction for exports and imports.
  2. Business Ecosystem: An efficient business ecosystem can help states attract investments and create an enabling infrastructure for individuals to initiate start-ups.
  3. Export Ecosystem: This pillar aims to assess the business environment, which is specific to exports.
  4. Export Performance: This is the only output-based pillar and examines the reach of export footprints of States and Union Territories.