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The Orange Economy A Put Where Development Drives Wealth

  In a time when mechanization and machine learning are changing conventional businesses, a flourishing portion of the worldwide economy is illustrating that human resourcefulness is still a important asset. The "Orange Economy"—also known as the imaginative economy or social industries—has played a major part in protecting culture, making occupations, and developing the economy. But what is this energetic thought, and why is it picking up conspicuousness in discussions almost worldwide development?   What is the Orange Economy?   The express "Orange Economy" was at first utilized by previous Colombian President Iván Duque Márquez and previous Culture Serve Felipe Buitrago. Concurring to the Inter-American Improvement Bank, it is "the organize of interconnected forms through which thoughts are turned into social merchandise and administrations whose esteem is decided by mental property."   Orange was particularly picked since it has been related with devel...
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Export Preparedness Index -2020 | NITI Aayog launches new index of exporting states

Export Preparedness Index -2020 | NITI Aayog launches new index of exporting states

 


The NITI Aayog, the government think tank, on Wednesday launched the Export Preparedness Index 2020. According to such index prepared for the first time, Gujarat is the most prepared state in the country for export. In this index, an attempt has been made to assess how much the country is prepared for in terms of export potential and performance.

 

The index measures states and union territories on four main scales (policy, business environment, export environment and export performance) and 11 sub-scales. The subscale also includes Export Promotion Policy, Export Infrastructure, Access to Finance, Transport Connectivity and Export Diversification. Maharashtra is the most prepared state in the country after Gujarat and Tamil Nadu at number three. Six of the country's 8 coastal states rank in the top 10 in the index. Rajasthan has the best performance among landlocked states. This is followed by Telangana and Haryana in second and third positions respectively.

 

Uttarakhand is most ready for export in the Himalayan states. Tripura is second and Himachal Pradesh is third. Among the union territories, Delhi is the best performer, while Goa is second and Chandigarh third. According to the latest NITI Aayog report, only 5 states account for 70 per cent of the country's exports. These states are Maharashtra, Gujarat, Karnataka, Tamil Nadu and Telangana. Jammu and Kashmir ranked at the bottom in terms of preparation for export in the country.

 

It was found in the survey that the states which trade the most are the most competitive and their trade surplus is the highest. It was also found that the states which do the most business with other countries and other states are the most prosperous. On the occasion of the launch of this report, CEO of NITI Aayog, Amitabh Kant said that rapid growth in exports is very important for economic growth in the long term. He said that a favourable ecosystem enables a country to contribute significantly to global value chains and leverage integrated production networks.


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