Indian Economy

Government of India recently announced constitution of NITI Aayog as a policy think-tank replacing Planning Commission. NITI stands for

  1. National Institution for Transforming India
  2. It is not an acronym, but only a Sanskrit word for Policy
  3. National Initiative for Technological India
  4. New Initiative for Transforming India

Answer

NITI Aayog or National Institution for Transforming India Aayog is a policy think-tank of Government of India that replaced Planning Commission. It aims to involve the states in economic policy-making in India. The Prime Minister heads the Aayog as its chairperson.

Correct option is A.