BIRTH OF NITI AAYOG:TOWARDS A NEW RESURGENT INDIA
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Abstract
Keeping in tune with the changes and challenges of rapidly evolving socio-economic scenario in the country, the National Institution for Transforming India (NITI) Aayog aims at building pro people development agenda by pursuing a bottom up approach and with lively involvement of all stakeholders. The new entity extends its supporting hand on institutional reforms in governance and dynamic policy that looks after important changes to serve the present day economics especially in a rapidly changing global scenario. The major challenge is to take all stakeholders on board to achieve the aspirations of common man and take the development to village level by making policies that are people friendly. The major objective of this paper is to explore how the new entity will bring about a seminal change in the development policy making by decentralizing the process and put India on high growth trajectory, providing an impetus to co-operative federalism which is healthy for the nation. The key to the success of the dynamic institutional mechanism depends on adoption of a bold, unconstrained and unconventional approach and the degree of empowerment, confidence and credibility that it enjoys with the centre and the state government towards building a new resurgent India.
Keywords:Planning Commission, Federalism, Policy, Economic Development, Institutions
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