National Institution for Transforming India (NITI) Aayog

  • NITI Aayog was formed on January 1, 2015.
  • It is neither a constitutional nor a statutory body.
  • NITI Aayog is created via an executive resolution of the Union Cabinet.
  • It is the premier policy ‘Think Tank’ of the Union Government, providing both directional and policy inputs.
  • It had replaced the 65-year old Planning Commission established in 1950.
  • Prime Minister is ex-officio Chairperson of the Aayog.
  • NITI Aayog plays important role in designing strategic and long term policies and programmes for the Government.
  • It also provides relevant technical advice to the Centre and States.
  • It also acts as the quintessential platform of Union Government to bring States to act together in national interest, and thereby fosters Cooperative Federalism.
  • It aims to achieve Sustainable Development Goals and to enhance cooperative federalism by fostering the involvement of State Governments of India in the economic policy-making process using a bottom-up approach.