NITI NCAER States Economic Forum Portal

News: Finance Minister launched the “NITI NCAER States Economic Forum” portal today in New Delhi. NITI NCAER States Economic Forum Portal.

About NITI NCAER States Economic Forum portal

• 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 (i.e 1990-91 to 2022-23). 
• Components: The forum consists of four primary components: 
  • State reports, which offer in-depth analysis of various fiscal and economic indicators at the state level; 
  • Data repository, a consolidated database of social, economic, and financial parameters providing historical trends and patterns; 
  • State fiscal and economic dashboard, a visual and analytical representation of state finances to allow easy comparisons and insights; 
  • Research and commentaries, featuring expert insights, academic research, and policy discussions focused on state-level economic and fiscal issues.
• Significance: 
  • The portal will help States to make more meaningful interventions, raising revenues, managing debts and learning from peer experiences.
  • The portal will not only provide information for public knowledge but will also create awareness and fiscal learning across States.
  • It will bridge the data gap in public finance, allowing states to benchmark their fiscal performance against national figures and peer states. 
  • Being user-friendly and accessible platform, it will facilitate evidence-based discussions among policymakers, researchers, and other stakeholders.