Telangana ranked tenth in the Niti Ayog’s newly issued Export Preparedness Index rankings 2021, which is aimed at analysing states’ preparation in terms of export potential and performance.
Gujarat is first on the list for the second time in a row.
According to the government think tank’s report, Gujarat was followed by Maharashtra, Karnataka, Tamil Nadu, Haryana, Uttar Pradesh, Madhya Pradesh, Punjab, Andhra Pradesh, and Telangana.
Union territories and states such as Lakshadweep, Arunachal Pradesh, Mizoram, Ladakh, and Meghalaya were at the bottom of the list.
The index, developed in collaboration with the Institute of Competitiveness, can be used by states and Union Territories (UTs) to benchmark their performance against peers and analyse potential challenges in order to develop better policy mechanisms to promote export-led growth at the sub-national level.
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The rankings are based on four major pillars: policy, business ecosystem, export ecosystem, and export performance, as well as 11 sub-pillars such as export promotion policy and business environment.
The index’s primary goal is to instill competition among all states (coastal, landlocked, Himalayan, and UTs/city-states) in order to implement favourable policies, simplify the regulatory framework, build the necessary infrastructure, and assist in identifying strategic recommendations for improving export competitiveness.
In releasing the report, NITI Aayog Vice Chairman Rajiv Kumar stated that India’s exports are growing at a 36% annual rate, while global trade is growing at a 30% annual rate.
“After a very long period, we will see India’s share of global goods trade increase from 1.6 to 1.7 per cent,” he said, adding that sectors contributing to the development include cars, electrical machinery, iron and steel.
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Kumar stated that the world trade value is USD 24 trillion, of which India’s exports are worth USD 400 billion, implying that there is “huge” potential.
He advocated for a goal of quadrupling India’s share of global trade in the next ten years.
He also asked all states to establish district export plans and promotional committees.
According to Kumar, the ranking revealed that certain nations may do considerably better by building an institutional and policy framework for exports and that some of the performances of missions abroad can be judged in terms of export expansion in their markets.
The vice-chairman also suggested that the country’s Exim (export-import) policy cater to different categories of states because I believe that is what will take our exports from landlocked and double landlocked states like Punjab or Himalayan states and make that effort and bring them on par with other states.
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Commerce Secretary BVR Subrahmanyam stated that exports performed “exceptionally well” and exceeded the USD 400 billion target ahead of schedule, despite challenges such as a scarcity of containers, shipping freight, and chips and semiconductors.
Merchandise exports account for around 18% of the economy…
I believe we should aim for something like 25% of GDP to be traded, he said, adding that the Department for Promotion of Industry and Internal Trade (DPIIT) has launched the ODOP (One District One Product) programme, which has generated a lot of buzz, and we have built on that to have district export hub initiative, which we are trying to convert into a scheme.
He stated that, while states like Gujarat and Maharashtra are performing well, there is a need to increase exports from states such as Bihar and Uttar Pradesh.
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We will shortly launch a portal with export data – nation and commodity-specific… It will also provide real-time statistics on state and maybe district exports. I believe we should start in April, Subrahmanyam remarked.
He also mentioned that there are currently data gaps.
As an example, he stated that nowadays, a lot of export is attributed to Kandla, Nhava Sheva, or Kakinada, but such things may have originated elsewhere.
We’re working to improve that… so it also informs us the source, so we can trace the export back… we’ll have that in a month or two, he continued.
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Amitabh Kant, CEO of NITI Aayog, stated that the index’s second edition will be an important motivator for encouraging competitive federalism and a level playing field among states and UTs in the global export landscape.
If exports are to grow at a sustained rate for a longer length of time, states and UTs must take the lead, according to Kant.
He stated that five states accounted for around 70% of total exports: Maharashtra, Gujarat, Karnataka, Tamil Nadu, and Telangana.
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