NEW DELHI: Union Finance Minister Nirmala Sitharaman will launch the “NITI NCAER States Economic Forum” portal on Tuesday in New Delhi. The portal is developed by the NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER), as 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 (1990-91 to 2022-23).
“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,” NITI Aayog said in a statement.
“It will also provide a forum to policymakers, researchers, and others interested in alluding to the data for informed debates and discussions.” As per the information shared by the NITI Aayog, the portal will have four key components — State Reports; Data Repository; State Fiscal and Economic Dashboard; and Research and Commentary.
State Reports will be 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 is categorised across five verticals viz. Demography; Economic Structure; Fiscal; Health and Education.
Another parameter, the State Fiscal and Economic Dashboard, is designed for showcasing graphical representations of key economic variables over time and providing quick access to raw data through a data appendix or additional information through summary tables.
On the other hand, the 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 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.