Government has launched “NITI NCAER States Economic Forum” portal. It is a comprehensive repository of data on social, economic and fiscal parameters, research reports, papers, and expert commentary on State Finances for a period of about 30 years (i.e 1990-91 to 2022-23).
About Portal
- Developed by: NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER).
- It has four main components
- State Reports: It summarises the macro and fiscal landscape of 28 Indian States, structured around indicators on demography, economic structure, socio-economic and fiscal indicators.
- Data Repository: It offers direct access to the complete database categorised across five verticals viz. Demography; Economic Structure; Fiscal; Health and Education.
- State Fiscal and Economic Dashboard: It showcases graphical representations of key economic variables over time and provide quick access to raw data through a data appendix or additional information through summary tables.
- Research and Commentary: It draws on extensive research on State finances and critical aspects of fiscal policy and financial management at the State and national levels.
Benefits of Portal
- Facilitate an understanding of macro, fiscal, demographic, and socio-economic trends; easily accessible data and user-friendly format and alos address the ongoing need for consolidated sectoral data in one place.
- Help in benchmarking the data of each state against that of other States and the national figures.
- Provide a forum to policymakers, researchers, and others interested in alluding to the data for informed debates and discussions.
- Serve as a comprehensive research hub, offering a wealth of data and analytical tools for in-depth research studies.
- Act as a central repository of information, providing access to an extensive database of social, economic, and fiscal indicators spanning the past 30 years.
- Leverage historical trends and real-time analytics, users will be able to track progress, identify emerging patterns, and formulate evidence-based policies for development.