Economics • Indian EconomyEasy
What is the primary objective of the 'NITI Aayog' established as a policy think-tank of the Government of India?
A. To allocate central plan funds directly to state governments and corporate entities
B. To foster cooperative federalism and involve states in economic policy-making through bottom-up planning✓ Correct Answer
C. To regulate stock exchanges and foreign institutional investments in India
D. To formulate mandatory five-year production targets for public sector undertakings
💡 Solution & Explanation
NITI Aayog functions as the premier policy think-tank of the Government of India, created to foster cooperative federalism and involve state governments in economic policy formulation through bottom-up planning strategies. Unlike the erstwhile Planning Commission, it possesses no financial allocation powers for central plan funds.
More Economics Indian Economy questions
- What does 'Fiscal Deficit' represent in the Union Budget of India?
- What is the primary objective of the 'Production Linked Incentive (PLI)' scheme introduced by the Government…
- Which of the following institutions releases the 'Multidimensional Poverty Index (MPI)' report in India?
- Which institutional body in Uttarakhand is responsible for formulating the annual state budget and overseeing…
- What does the 'Stand-Up India Scheme' primarily seek to promote?