Briefly explain the functions of Niti Aayog.

NITI Aayog, or the National Institution for Transforming India, is a policy think tank and advisory body in India that replaced the Planning Commission in 2015. Its functions include:

1. Policy Formulation and Coordination:

   • NITI Aayog formulates long-term and strategic policies for economic growth and development. It coordinates efforts between the central government, states, and various stakeholders.

2. Strategic Planning:

   • The organization engages in strategic planning to address key issues affecting the country's development. It identifies critical areas for policy intervention and provides a framework for achieving sustainable and inclusive growth.

3. Research and Knowledge Dissemination:

   • NITI Aayog conducts research on diverse economic and social issues. It disseminates knowledge through reports, publications, and policy recommendations, contributing to evidence-based decision-making.

4. Monitoring and Evaluation:

   • It monitors the implementation of policies and programs, evaluating their effectiveness. This ensures accountability and facilitates course corrections for better outcomes.

5. Promotion of Innovation and Entrepreneurship:

   • NITI Aayog promotes innovation and entrepreneurship to drive economic growth. It supports initiatives that foster a culture of innovation and create an enabling environment for startups.

6. Cooperative Federalism:

   • NITI Aayog promotes cooperative federalism by fostering collaboration between the central and state governments. It encourages states to actively participate in the planning and implementation of policies for balanced regional development.

7. Sustainable Development Goals (SDGs):

   • NITI Aayog aligns national policies with the United Nations' Sustainable Development Goals. It works towards achieving these goals, addressing issues such as poverty, healthcare, education, and environmental sustainability.

8. Advisory Role:

   • NITI Aayog serves as an advisory body to the central and state governments on various policy matters. It provides expert advice and recommendations to enhance governance and policy effectiveness.

NITI Aayog plays a crucial role in shaping India's development agenda, fostering innovation, and facilitating cooperative federalism to achieve sustainable and inclusive growth.