New Delhi: Finance Minister Nirmala Sitharaman on Tuesday launched the “NITI NCAER States Economic Forum” portal.
The portal has been developed by NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER), which 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).
In her keynote address, FM Sitharaman stated that NITI NCAER States Economic Forum will be beneficial in the availability of authentic data. She observed that the portal will help States to make more meaningful interventions, raising revenues, managing debts and learning from peer experiences.
She emphasised the importance of balance in public finances between revenue generation without burdening the people. She said that this forum is a much-needed step in present times which will help in greater engagement with States.
State Reports – summarising the macro and fiscal landscape of 28 Indian States, structured around indicators on demography, economic structure, socio-economic and fiscal indicators.
Data Repository – offering direct access to the complete database categorised across five verticals viz. Demography; Economic Structure; Fiscal; Health and Education.
State Fiscal and Economic Dashboard – showcasing 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 – draws on extensive research on State finances and critical aspects of fiscal policy and financial management at the State and national levels.
The portal will facilitate an understanding of macro, fiscal, demographic, and socio-economic trends; easily accessible data and user-friendly format and will also address the ongoing need for consolidated sectoral data in one place. It will further help in benchmarking the data of each state against that of other States and the national figures. It will also provide a forum to policymakers, researchers, and others interested in alluding to the data for informed debates and discussions.
The portal will serve as a comprehensive research hub, offering a wealth of data and analytical tools for in-depth research studies. It will act as a central repository of information, providing access to an extensive database of social, economic, and fiscal indicators spanning the past 30 years. By leveraging historical trends and real-time analytics, users will be able to track progress, identify emerging patterns, and formulate evidence-based policies for development.
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