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What is Niti Aayog?

IndianMoney.com Research Team | Updated On Wednesday, December 26,2018, 11:18 AM

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What is Niti Aayog?

 

 

What is Niti Aayog?

The Niti Aayog is a policy think tank of the Government, established with the aim to achieve sustainable development goals and to enhance corporative federalism by fostering the involvement of State Governments in the economic policy-making process. The Niti Aayog was established by the NDA government in the year 2015 to replace the planning commission. The planning commission was an institution that formulated five year plans.

Niti Aayog started a new initiative called ‘NITI Lectures: Transforming India’, the aim of which was to invite globally-reputed policy makers, experts, and administrators to India to share their expertise and knowledge in policy making and good governance with their Indian counterparts. 

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Niti Aayog full form:

Niti Aayog is the acronym for National Institute for Transforming India. The National Institute for Transforming India is a policy by the Government of India, established to replace the planning commission.  The aim of the Niti Aayog is to motivate people to involve and participate in the economic policy making process.

Niti Aayog members:

The Niti Aayog consists of the following members:

  • Chairperson: The Prime Minister of India
  • Governing council: Chief Ministers of all the states and union territories.
  • Chief executive officer (CEO): Amitabh Kant
  • Vice chairperson: Rajiv Kumar

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Functions of Niti Aayog:

  • Corporative Federalism: The Niti Aayog serves as an interaction for the Centre and the States. Under this Commission, the State Governments can actively participate in the formulation of policies and strategies related to development. The Government can work on a shared version of development, prioritize and identify the sectors and the issues that need immediate attention and segregate issues that can be worked upon in future. The Government has identified the need to unite the state and the centre for carrying out stable and sustainable developmental by fostering the spirit of cooperation for cementing the federal structure.
  • Strategic planning: The Niti Aayog has been given the massive task to formulate and strategize plans for both the micro and macro levels. The Niti Aayog aims to carry out resolutions from the grass root level. Its aim is to provide satisfactory levels of social and physical infrastructure for meeting the growing needs of the economy, with the roles of public and private sectors clearly defined.
  • Co-ordination: Previously there was a lack of co-ordination among the Ministries of the Central Government and the State and the Centre. The Niti Aayog was established to ensure intergovernmental and interdepartmental co-ordination.
  • Technology and innovation: the Niti Aayog is known as the think tank of the Government and is focused on technology up gradation, implementing new ideas and creates an innovative and entrepreneurial support system through a collaborative community of national and international experts, practitioners and other partners.

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Niti Aayog vs Planning Commission:

  • The Planning commission followed the top to down approach. This approach has been discarded by the Niti Aayog and it is bestowed with the task of formulating policies and plans that would benefit the micro levels of society and would promote these progressively at higher levels of Government.
  • The provision of regional council is present in the Niti Ayog to address local or regional development issues, where as in the planning commission the policies were formulated by the centre without the co-operation of the states.
  • The state government had very limited role in the planning commission and they only interacted annually with the planning commission to get their plans sanctioned. Whereas the Niti Aayog has the chief ministers of the states as part of the governing council. Now, they have a greater role in planning and implementing of policies.

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