Planning in India

Indian Economic System(CSC) Combined State Civil Services

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NITI Aayog has been constituted by replacing Planning Commission of India. Which of the following is correct regarding the same?

NITI stands for National Institute for Transforming India.

It is a statutory board.

CMs of Delhi and Puducherry will be members of the Aayog along with all state CMs.

All of the above.

Explanation:

1st option is correct i.e. NITI stands for National Institute for Transforming India.
NITI Aayog' is a Government of India policy think-tank established by the Narendra Modi government to replace the Planning Commission which followed the top-down model. The stated aim for NITI Aayog's creation is to foster involvement and participation in the economic policy-making process by the State Governments of India.The emphasis is on bottom-up approach and make the country to move towards cooperative federalism .

By: Abhishek Sharma

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