The Export Preparedness Index (EPI) 2024, released by NITI Aayog, provides a comprehensive assessment of the export readiness of Indian States and Union Territories by evaluating infrastructure, business ecosystem, policy and governance, and export performance. With a stronger focus on districts, MSMEs, human capital, and cost competitiveness, the index identifies key challenges and policy priorities, promotes cooperative federalism, and supports India’s long-term goal of achieving sustained, inclusive, and globally competitive export growth.
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India and China face a complex trade relationship, with India facing $99.2 billion deficit in FY25. India dependent on China, especially in electronics, machinery, and fertiliser. To manage strategic autonomy, India should provide credit to MSMEs, boost exports, diversify markets, invest in high-tech manufacturing, and balance strategic autonomy with engagement with major powers.
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