Maharashtra tops NITI Aayog’s Export Preparedness Index

Maharashtra has emerged as the top-performing state in NITI Aayog's Export Preparedness Index (EPI) 2024, reaffirming its position as India's leading export hub. This achievement underscores the state's robust infrastructure, policy framework, and proactive approach in facilitating trade and industry growth. The EPI evaluates states based on four key pillars: policy, business ecosystem, export ecosystem, and export performance, with Maharashtra excelling across these categories. The state's success can be attributed to its strategic initiatives aimed at enhancing export capabilities. Maharashtra has invested heavily in upgrading logistics, ensuring seamless connectivity to ports, and fostering a business-friendly environment. These efforts have not only boosted export volumes but also attracted significant foreign investment, further strengthening its economic landscape. Additionally, the state's focus on innovation and technology adoption has played a crucial role in maintaining its competitive edge. Maharashtra's consistent emphasis on skill development and collaboration with industry stakeholders has been instrumental in its export preparedness. By aligning its policies with global trade standards, the state has effectively positioned itself to capitalize on emerging opportunities in international markets. As Maharashtra leads the EPI rankings, other states may look to replicate its model of success to enhance their own export readiness and contribute to India's broader economic growth.

— Authored by Next24 Live