National Council of Applied Economic Research
- GS Paper 3: Indian Economy- Issues relating to planning, mobilization of resources, growth, development and employment.
National Council of Applied Economic Research- Context
- National Council of Applied Economic Research suggests that the Indian economy is expected to grow around 10% during the current financial year.
- This is based on the likelihood of fewer COVID-linked supply disruptions and buoyancy in the global economy.
National Council of Applied Economic Research- Key Points
- About NCAER: It was established in 1956 during the former Prime Minister Jawaharlal Nehru.
- NCAER is India’s oldest and largest independent, non-profit, economic policy research institute.
- NCAER was started in 1956 as a public-private partnership, both catering to and funded by the government and private industry.
- Mandate of NCAER: The focus of NCAER’s work in these areas is on generating and analyzing empirical evidence to support and inform policy choices.
- It is also one of a handful of think tanks globally that combine rigorous analysis and policy outreach with deep data collection capabilities, especially for household surveys.
National Council of Applied Economic Research- Key Functions
- It undertakes grant-funded research and commissioned studies for governments and industry, and is one of the few think tanks globally that also collect primary data.
- NCAER has set up a National Data Innovation Centre (NDIC) to serve as a laboratory for experiments in data collection, interfacing with partners in think tanks, Indian and international universities, and government.
- NCAER’s work falls into four thematic areas. They are-
- Growth, Macro, Trade, and Economic Policy
- Investment Climate, Industry, Infrastructure, Labour, and Urban
- Agriculture and Rural Development, Natural Resources, and Environment
- Poverty, Equity, Human Development, and Consumers
National Council of Applied Economic Research– Recent Initiatives
- IT launched the N-SIPI series in 2016 and the second N-SIPI was released in 2017.
- The National Council of Applied Economic Research (NCAER) released NCAER Land Records and Services Index (N-LRSI 2020).
- The index assesses the digitization of land records and their quality in 33 states and Union Territories (UTs).
- NCAER also conducts a quarterly Business Expectations Survey since 1991 with an aim of tracking the business confidence of Indian firms.