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NITI Aayog

NITI Aayog :

NITI Aayog (Hindi: नीति आयोग, lit. "Policy Commission") or National Institution for Transforming India Aayog is a policy think-tank of Government of India that replaces Planning Commission and aims to involve the states in economic policy-making in India. It will be providing strategic and technical advice to the central and the state governments i.e by adopting bottom-up approach rather than traditional top-down approach as in planning commission. The Prime Minister heads the Aayog as its chairperson.[1] While the Planning Commission had no representation for State and Union territories, the NITI Aayog has.

Union Government of India had announced formation of NITI Aayog on 1 January 2015.[1][2] The first meeting of NITI Aayog was held on 8th February 2015[3] The website of the Aayog has a unique feature of NITI Blogs, which incorporates articles, field reports, work in progress, and opinions by NITI officials.[4]

There are a couple of things to be considered here. NITI Aayog would therefore mean:

• A group of people with authority entrusted by the government to formulate/regulate policies concerning transforming India.

• It is a commission to help government in social and economic issues.

• Also it's an Institute of think tank with experts in it.

India's Finance Minister Arun Jaitley made the following observation on the necessity of creating NITI Ayog: “The 65-year-old Planning Commission had become a redundant organisation. It was relevant in a command economy structure, but not any longer. India is a diversified country and its states are in various phases of economic development along with their own strengths and weaknesses. In this context, a ‘one size fits all’ approach to economic planning is obsolete. It cannot make India competitive in today’s global economy”
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