Tag: NITI NCAER States Economic Forum

Under the Ministry of Finance, NITI Aayog in partnership with the National Council of Applied Economic Research (NCAER) has launched NITI NCAER States Economic Forum. Purpose: A portal aggregating data and analysis on State finances. Focus Areas: State-wise macroeconomic indicators: tax and non-tax revenues. Human development statistics: school dropout rates, literacy levels, employment. Historical trends in central fund devolution. Objective: To serve as a centralised data hub for tracking state-level trends. To aid researchers, policymakers, and academics in comparative analysis and development planning. To encourage data-driven policy discussions and fiscal transparency. Key Components of the Portal: State Reports: Covers 28 States and structured around demography, economic structure, socio-economic and fiscal indicators. Data Repository: Access to raw and categorised data under 5 verticals: Demography, Economic Structure, Fiscal, Health, and Education. State Fiscal and Economic Dashboard: Visualizes key economic trends and provides easy access to graphs, summaries, and downloadable datasets. Research and Commentary: In-depth analyses and expert views on state finances and fiscal policies. This supports long-term academic and policy research. Significance in the Context of Centre-State Relations Timely Move: Comes at a time of renewed scrutiny of Centre-State fiscal federalism, especially in southern states. Addresses long-standing flashpoints around fiscal relations and resource allocation. Data Presentation: Not new data but restructured from established sources like the 2011 Census, Periodic Labour Force Survey, and RBI’s State Finances Report. Comparative presentation across states provides clarity on fiscal disparities and development trends. Strengths of the Portal Data Organization: User-friendly, comparative format enhances accessibility. Helps anchor debates (e.g., revenue-sharing, parliamentary delimitation) in empirical facts. Facilitating Evidence-Based Governance: Encourages informed discussions on fiscal federalism and governance issues. Challenges and Limitations Data Quality Concerns: Relies on existing sources, which may have limitations regarding accuracy and timeliness. Risk of Oversimplification: Complex fiscal issues may be reduced to data points without addressing underlying political dynamics. Role of States and Institutions Importance of State Engagement: Effective use depends on active participation by states, especially through bodies like the Sixteenth Finance Commission. Translating Data into Policy: Regional data must inform policies for fair representation, resource allocation, and administrative responsibilities. The portal is a tool to foster informed discussions on governance, development, and the future of Indian federalism.

Tag: NITI NCAER States Economic Forum

NITI NCAER States Economic Forum

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