In which year was NITI Aayog established as the successor of Planning Commission?

The correct answer is 2015.

Key Points

• NITI Aayog stands for National Institution for Transforming India.
• It was established on 1st January 2015, replacing the Planning Commission which was set up in 1950.
• The objective of NITI Aayog is to foster involvement and participation in the economic policy-making process by the State Governments of India.
• The organization functions as a think tank and an advisory body offering strategic and technical advice on various policy matters.
• NITI Aayog promotes a cooperative federalism approach, aiming to strengthen the relationship between the central and state governments.
• It has a Governing Council comprising Chief Ministers of all States and Lt. Governors of Union Territories.
• The Prime Minister of India serves as the Chairperson of NITI Aayog.
• It focuses on sectors such as education, health, agriculture, and infrastructure.

 Additional Information

• Planning Commission
  • The Planning Commission was an institution in the Government of India, which formulated India's Five-Year Plans, among other functions.
  • It was established in 1950 with the aim of promoting a rapid rise in the standard of living of Indians by efficient exploitation of resources, increasing production, and offering employment opportunities.
  • The Planning Commission was chaired by the Prime Minister of India.
  • It was dissolved and replaced by NITI Aayog in 2015.