NITI NCAER PORTAL: GOVERNANCE
NEWS: FM to launch “NITI NCAER States Economic Forum” portal on 1st April, 2025 in New Delhi
WHAT’S IN THE NEWS?
About the NITI NCAER Portal
• The NITI NCAER States Economic Forum portal is a digital platform that offers a comprehensive collection of state-level data spanning from 1990-91 to 2022-23.
• The portal is designed to support evidence-based policymaking and research by providing in-depth data on social, economic, and fiscal parameters of all Indian states.
• Developed By: The portal has been developed by NITI Aayog in collaboration with the National Council of Applied Economic Research (NCAER).
• Launch By:The portal will be launched by the Ministry of Finance, aiming to enhance transparency and data accessibility for better policymaking.
• Objective / Aim of the Portal
1. Centralized Data Hub:The portal aims to serve as a centralised repository for tracking and analyzing state-level trends over the past three decades.
2. Supporting Policymaking: It provides crucial data that supports researchers, policymakers, and academics in making comparative analyses, crafting development plans, and formulating informed policies.
• Encouraging Data-Driven Discussions: The portal is intended to foster discussions around evidence-based policy decisions and promote fiscal transparency.
• Boosting Cooperative Federalism: The platform seeks to encourage cooperative federalism by offering transparency and shared access to key economic and fiscal data.
Key Components of the Portal
• State Reports: The portal provides detailed state reports for all 28 states, structured around various parameters including demography, economic structure, socio-economic factors, and fiscal indicators.
• Data Repository: The portal offers access to a vast data repository, categorised into five key verticals: Demography, Economic Structure, Fiscal, Health, and Education.
• State Fiscal and Economic Dashboard: This dashboard presents key economic trends for each state and visualizes the data through graphs, summaries, and downloadable datasets, making the data easily accessible.
• Research and Commentary: The portal includes expert analyses, research articles, and commentary on state finances, fiscal policies, and long-term economic trends, supporting in-depth academic and policy research.
Features & Significance
• Historical Data Access:The portal offers 30 years of historical data, from 1990-91 to 2022-23, enabling the tracking of trends over an extended period.
• State Benchmarking:It facilitates benchmarking of state-level performance against national averages and across different states, providing a clear picture of each state’s standing.
• Improved Data Accessibility: The portal bridges the gap in data accessibility, allowing stakeholders to make informed decisions based on accurate, timely, and relevant data.
• Insights for Policy Reforms:The platform offers valuable insights to support evidence-based reforms, particularly in public finance planning and state governance.
• Encouraging Transparency:By making state-level data publicly accessible, the portal promotes transparency and encourages the use of data in the decision-making process.
Overall Significance
The NITI NCAER States Economic Forum portal serves as a vital tool for data-driven policy formulation, enabling state governments, researchers, and policymakers to track historical trends, benchmark performances, and implement informed reforms for the nation’s development.
Source: https://pib.gov.in/PressReleasePage.aspx?PRID=2116968