NITI Aayog, the National Institution for Transforming India, assumes significant functions as a policy think tank and advisory body in India.
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Its primary objective is to foster cooperative federalism, strategic planning, and sustainable and inclusive development. By replacing the Planning Commission, NITI Aayog introduces a fresh approach to policy formulation and implementation. The key functions of NITI Aayog encompass various aspects.
Firstly, it formulates national development plans and policies by actively consulting state governments and other stakeholders. This collaborative approach ensures a comprehensive and inclusive development agenda.
Secondly, NITI Aayog provides invaluable strategic and technical inputs for policy formulation, evaluation, and monitoring. It offers expertise and insights to enhance the effectiveness of government programs and initiatives.
Thirdly, the institution encourages innovation, research, and knowledge sharing to promote sustainable development practices. It also facilitates international collaborations to exchange ideas and adopt best practices.
Overall, NITI Aayog plays a vital role in shaping India’s development trajectory, promoting cooperative governance, and fostering sustainable and inclusive growth.