What is the full form of 'NITI' with respect to 'NITI Aayog'?

Key Points

• National institution for Transforming India is the full form of 'NITI' in 'NITI Aayog'.
• NITI Aayog is a policy think tank of the Government of India, established with the aim to achieve sustainable development goals and to enhance cooperative federalism by fostering the involvement of State Governments in the economic policy-making process using a bottom-up approach.
• It was formed on January 1, 2015, replacing the Planning Commission which followed a top-down model.
• The primary objectives of NITI Aayog include promoting cooperative federalism, fostering competitive federalism, and formulating plans at the village level and aggregating these progressively at higher levels of government.
• NITI Aayog acts as an advisory body to the Government of India, providing strategic and technical advice on various policy matters.

Additional Information

• The NITI Aayog was established by a resolution of the Union Cabinet.
• It is chaired by the Prime Minister of India and includes a governing council comprising Chief Ministers of all the states and Union territories with legislatures and lieutenant governors of other Union territories.
• The full-time organizational framework of NITI Aayog includes a Vice-Chairperson, Chief Executive Officer, and other full-time members and part-time members.
• NITI Aayog also includes regional councils formed to address specific issues and contingencies impacting more than one state or region.
• It provides a critical directional and strategic input into the development process of the country, focusing on delivering the best possible outcomes through a collaborative and cooperative approach.