What is the full form of 'NITI'?

The full form of "NITI" is "National Institution for Transforming India".

Key Points

• NITI Aayog is a policy think tank of the Government of India, established in 2015 to replace the Planning Commission.
• The primary objective of NITI Aayog is to provide strategic and technical advice to the central and state governments in India with the aim of achieving sustainable development and transforming India into a prosperous, inclusive, and knowledge-based society.

Important PointsThe key functions of NITI Aayog include:

1. Developing long-term and medium-term strategic plans and policy frameworks for various sectors of the economy.
2. Conducting research and analysis to provide evidence-based policy recommendations to the government.
3. Monitoring and evaluating the implementation of policies and programs and providing feedback to the government.
4. Promoting innovation, entrepreneurship, and knowledge-based economy.
5. Providing technical assistance and capacity building support to the states and other stakeholders.

Overall, NITI Aayog plays a crucial role in shaping India's development agenda and ensuring that the country achieves its socio-economic objectives in a sustainable and inclusive manner.