By : Neha Dhyani
Updated : Jan 11, 2022, 12:25
The NITI Aayog, also known as the planning commission of India, got instituted on January 1, 2015, with Prime Minister Narendra Modi and Mr Arvind Panagariya as the first vice-chairman of NITI Aayog. While the word "NITI" in Sanskrit means righteousness and guidance, in the present context, it means the right approach, and the NITI is an acronym for National Institution for Transforming India.
NITI Aayog is India's leading policy-making institution that helps enhance India's economic growth. It strives to build a strong state that will assist in creating a spirited and powerful country to make India arise as an influential economy in the world. In addition, the NITI Aayog's creation holds two centres called "Knowledge and Innovation Hub" and "Team India Hub".
NITI Aayog is also developing itself as a State of the Art Resource Hub, with the necessary resources, skills and knowledge to remain empowered to work with agility, innovation and advanced research to handle unanticipated problems.
Also, the principal reason for establishing NITI Aayog is that individuals had anticipations for change and development in the Government through their participation. This required institutional modifications in management and operational strategy modifications that could plant and facilitate considerable scale transformation.
Prime Minister Narendra Modi is the chairman, and Dr Rajiv Kumar is the current vice-chairman of NITI Aayog.
The NITI Aayog in India comprise of the following:
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NITI AAYOG is an acronym for NATIONAL INSTITUTION FOR TRANSFORMING INDIA. Its role is to facilitate collaborative nationalism through structured aid endeavours and mechanisms with the States constantly, remembering that powerful States build a strong nation.
Dr Rajiv Kumar is the present vice-chairman of Niti Aayog.
Mr Arvind Panagariya was the first vice chairman of NITI Aayog.
Prime Minister is the chairman of NITI Aayog in India.