FM Sitharaman to Unveil States Economic Forum Portal
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Synopsis
On March 31, Finance Minister Nirmala Sitharaman will launch the 'NITI NCAER States Economic Forum' portal, a comprehensive data repository for state finances spanning 30 years, aimed at enhancing economic understanding and policy-making.
Key Takeaways
- Launch of NITI NCAER portal by Finance Minister Nirmala Sitharaman.
- Data spanning 30 years on state finances, economics, and demographics.
- Four main components: State Reports, Data Repository, Dashboard, Research.
- A platform for policymakers and researchers to access vital data.
- Facilitates evidence-based policy formulation.
New Delhi, March 31 (NationPress) Finance Minister Nirmala Sitharaman is set to unveil the 'NITI NCAER States Economic Forum' portal this Tuesday.
This portal, crafted by NITI Aayog in partnership with the National Council of Applied Economic Research (NCAER), serves as a robust repository of data encompassing social, economic, and fiscal dimensions. It includes research reports, academic papers, and expert analyses regarding State Finances, covering an extensive timeline from 1990-91 to 2022-23, as per an official announcement made on Monday.
The portal features four primary components:
- State Reports: Summarizing the macroeconomic and fiscal environments of 28 Indian States, organized by various indicators including demography, economic structure, and fiscal metrics.
- Data Repository: Providing direct access to a complete database categorized into five main areas: demography, economic structure, fiscal health, and education.
- Fiscal and Economic Dashboard: Presenting visual representations of key economic variables over time, with easy access to raw data through a data appendix and summary tables.
- Research and Commentary: Leveraging extensive research on state finances along with critical insights into fiscal policies and financial management at both state and national levels.
This portal aims to enhance the understanding of macro, fiscal, demographic, and socio-economic trends. It is designed for user accessibility, addressing the essential need for consolidated sectoral data. It will facilitate benchmarking of state data against national figures and offer a platform for policymakers, researchers, and other stakeholders for informed discussions.
Moreover, the portal will function as a comprehensive research hub, providing a wealth of data and analytical tools for rigorous studies. By utilizing historical trends alongside real-time analytics, users will be empowered to monitor progress, discern emerging patterns, and develop evidence-based policies for future growth, as indicated in the statement.
