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On April 1, Finance Minister Nirmala Sitharaman will officially launch the NITI NCAER States Economic Forum portal.
The initiative, a collaboration between NITI Aayog and the National Council of Applied Economic Research (NCAER), aims to offer a structured database on India’s social, economic, and fiscal landscape spanning over 30 years.
The portal is designed to enhance policy analysis and decision-making, providing users with structured reports, a vast data repository, economic dashboards, and expert research.
Key Features Of The Portal
The NITI NCAER States Economic Forum portal consists of four main components:
- State Reports: Summarizing the macro and fiscal landscapes of 28 Indian states, covering key indicators such as demographics, economic structure, socio-economic metrics, and fiscal policies.
- Data Repository: Providing direct access to an extensive database categorized into five verticals-demography, economic structure, fiscal indicators, health, and education.
- State Fiscal and Economic Dashboard: Offering graphical representations of major economic trends over time, along with quick access to raw data through summary tables and appendices.
- Research and Commentary: Featuring expert analysis on state finances, fiscal policies, and economic management, providing deeper insights into the country’s economic trajectory.
A Tool For Policymakers & Researchers
The portal will serve as a one-stop destination for policymakers, researchers, and economists by providing comprehensive economic and fiscal data in a well-structured format.
By seamlessly consolidating decades of historical and real-time data, it will empower users to:
- Effectively track long-term economic trends across different states, enabling better forecasting and strategic planning.
- Compare state-level fiscal performance with national benchmarks, offering valuable insights for economic assessments.
- Access expert research that supports evidence-based policy decisions, ensuring greater accuracy and impact.
- Analyze key socio-economic indicators to foster more informed and data-driven discussions on India’s economic trajectory.
Bridging Data Gaps & Enhancing Accessibility
With an intuitive and easy-to-navigate user interface, the portal not only bridges data gaps but also ensures that information remains accessible and well-organized for users across various sectors.
Furthermore, by offering detailed state-wise comparisons in a structured format, the portal empowers governments, think tanks, and financial institutions to make well-informed economic assessments based on comprehensive data insights.
During the launch event, Finance Minister Sitharaman emphasized that this initiative directly supports the government’s commitment to data-driven governance.
By fostering evidence-based policy formulation, the portal will not only support informed decision-making but also play a crucial role in accelerating India’s economic progress.
Furthermore, as the portal goes live, it marks a major milestone in India’s ongoing efforts to strengthen economic research and enhance fiscal transparency, reinforcing the country’s commitment to data-driven governance.
Looking ahead, by providing seamless access to both historical and real-time economic data, the portal is expected to significantly influence progressive policy decisions, ultimately shaping India’s future development in a more strategic and data-driven manner.
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