Planning
            PLANNING in India derives its objectives and social premises from the Directive Principles
      of State Policy enshrined in the Constitution. Public and private sectors are viewed as
      complementary. The private sector covers, besides organized industry, small-scale industries,
      agriculture, trade and housing, construction and related areas. Individual efforts and private
      initiatives are considered necessary and desirable in the national endeavour for development with
      optimum voluntary cooperation.
      NITI Aayog
            The National Institution for Transforming India (NITI Aayog) came into existence in 2015
      replacing the Planning Commission which was established in 1950. The NITI Aayog is the
      successor to the Planning Commission. The new institution is envisaged to be a catalyst to the
      developmental process; nurturing an overall enabling environment, through a holistic approach
      to development going beyond the limited sphere of the public sector and Government of India.
      This is to be built on the foundation of an empowered role of states as equal partners in national
      development underlying the principle of cooperative federalism. A knowledge hub of internal as
      well as external resources; serving as repository of good governance best practices and a think
      tank offering domain knowledge as well as strategic expertise to all levels of government. A
      collaborative platform facilitating implementation by monitoring progress, plugging gaps and
      bringing together the various ministries at the Centre and in states, in the joint pursuit of
      developmental goals.
      Relevant Website: www.niti.gov.in
      Objectives
            The new institution is envisaged to be a catalyst to the developmental process; nurturing an
      overall enabling environment, through a holistic approach to development going beyond the
      limited sphere of the Public Sector and Government of India. This will be built on the foundation
      of: An empowered role of States as equal partners in national development; operationalizing the
      principle of Cooperative Federalism.; A knowledge hub of internal as well as external resources;
      serving as repository of good governance best practices, and a think Tank offering domain
      knowledge as well as strategic expertise to all levels of government.; A collaborative platform
      facilitating implementation; by monitoring progress, plugging gaps and bringing together the
      various Ministries at the Centre and in states, in the joint pursuit of developmental goals.
            Founded in 2015, the National Institution for Transformation of India or NITI Aayog has
      been created to serve as the think tank of the Government of India. The Prime Minister of India
      serves as the Chair of the institution. The institution plays a leadership role in policy making in
      the central government, works closely with state governments, serves as a knowledge hub and
      monitors progress in the implementation of policies and programmes of the Government of
      India. The institution provides the central and state governments with relevant strategic and
      technical advice across the spectrum on key policy elements. These include matters of national
      and international importance on the economic front, dissemination of best practices from within