Which policy document replaced the five-year plans in India, acting as a comprehensive vision and strategy document formulated by NITI Aayog?

💡 Solution & Explanation

NITI Aayog replaced the erstwhile Planning Commission with a dynamic framework structured into a fifteen-year vision, a seven-year strategy, and a three-year action agenda to guide long-term and short-term economic planning. Unlike rigid top-down five-year targets, this decentralized approach emphasizes cooperative federalism and flexible policy formulation. The framework addresses contemporary developmental challenges across diverse sectors of the Indian economy.