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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.
