NITI NCAER States Economic Forum Portal

NITI NCAER States Economic Forum Portal Latest News

Amid complaints by opposition-ruled states that they faced discrimination in the sharing of resources, the Union Finance Minister will launch the “NITI NCAER States Economic Forum” portal.

About NITI NCAER States Economic Forum Portal

• It was developed by NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER).
• 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 from 1990-91 to 2022-23.
• The portal has four main components, namely: 
• State Reports – summarising the macro and fiscal landscape of 28 Indian States, structured around indicators on demography, economic structure, and 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 a 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 for 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.
• 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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NITI NCAER States Economic Forum Portal FAQs

Q1. Who developed the NITI NCAER States Economic Forum Portal?

Ans. NITI Aayog and National Council of Applied Economic Research (NCAER)

Q2. What is the primary purpose of the NITI NCAER States Economic Forum Portal?

Ans. To serve as a comprehensive repository of data on social, economic, and fiscal parameters of Indian states.

Q3. The NITI NCAER States Economic Forum Portal covers data for how many years?

Ans. 30 years (1990-91 to 2022-23)

Source: TH