Exports play a crucial role in driving economic growth and fostering innovation, as exemplified by countries like South Korea and Singapore. India has been actively working to enhance its export performance through national and sub-national policies since 2014. In 2021-22, India has registered an unprecedented merchandise export value of US$ 420 Billion in 2021-22 signifying the success of these policies.
Improving the overall business ecosystem is vital for Indian industries to compete globally, with initiatives like Production Linked Incentives a step in the right direction in supporting the manufacturing sector. Recently, India’s export composition has shifted towards industries requiring advanced expertise, fostering technological innovation in production, design, and marketing. This growth has particularly benefited smaller industries heavily reliant on technology, driving substantial export growth. To achieve and sustain export growth, a supportive export ecosystem is essential, with active involvement from state governments.
The objective of this report is to assist Indian states in making informed decisions and enhancing exports. The index enables states to identify their comparative advantages, focus on strengthening those areas, and address weaknesses to achieve comprehensive growth. The aim is for states to leverage the report’s insights and establish a strong presence in the global market through effective implementation of relevant policy measures. I would like to express my gratitude to the entire team of NITI Aayog and the Institute for Competitiveness for their dedicated efforts in preparing the Export Preparedness Index 2022.
Arind Virmain (Arvind Virmani)
