Question
NITI Ayog stands for
Solution
NITI Aayog Ā also known by the acronym theĀ National Institution for Transforming India , is aĀ Government of IndiaĀ policy think-tank established by the BJP government to replace theĀ Planning CommissionĀ which followed theĀ top-down model. The stated aim for NITI Aayog's creation is to foster involvement and participation in the economic policy-making process by theĀ State Governments of India. The emphasis is onĀ bottom-up approachĀ and make the country to move towardsĀ cooperative federalism. The Union Government of India announced the formation of NITI Aayog on 1 January 2015, and the first meeting was held on 8 February 2015.
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