What is NITI Aayog? Explain its importance.
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NITI Aayog (National Institution for Transforming India):
NITI Aayog is a policy think tank and a premier planning body of the Government of India that replaced the Planning Commission in 2015. The establishment of NITI Aayog marked a shift in the approach to economic planning and development, emphasizing cooperative federalism, decentralization, and a more dynamic and adaptive approach to address the challenges of a rapidly changing global landscape.
Importance of NITI Aayog:
Flexibility and Adaptability:
Decentralized Planning:
Strategic Policy Formulation:
Monitoring and Evaluation:
Promotion of Innovation and Entrepreneurship:
Sustainable Development Goals (SDGs):
Special Initiatives and Task Forces:
Research and Data Analytics:
Coordinating Inter-Ministerial Activities:
Global Engagement:
In summary, NITI Aayog plays a pivotal role in shaping India's development narrative by fostering collaboration, innovation, and strategic planning. Its importance lies in its ability to adapt to contemporary challenges, promote inclusive and sustainable development, and provide a dynamic platform for policy formulation and implementation.