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India to release export preparedness index of states, UTs

05
Nov '19
Pic: Shutterstock
Pic: Shutterstock
India is likely to release soon the first index to rank states and union territories (UTs) based on preparedness to promote exports. This will help promote healthy competition among states and UTs to work on parameters like business environment, infrastructure, transport connectivity and access to finance for promoting exports, a key indicator for economic growth.

Both the Niti Aayog and the commerce ministry are working on this index. Apart from overall ranking, it will also have dedicated rankings for coastal states, landlocked states and hilly states, according to a news agency report.

The government is already carrying out similar exercise to rank states and UTs on the ease of doing business.

India's share in global merchandise exports and services was 1.7 per cent and 3.4 per cent, respectively. The country's exports dipped by 2.39 per cent to $159.57 billion during April-September 2019-20.

Since 2011-12, India's exports have been hovering at around $300 billion. During 2018-19, the shipments aggregated at $331 billion.

Fibre2Fashion News Desk (DS)


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