Economics • Indian EconomyEasy
What is the primary function of 'NITI Aayog' in the governance structure of India?
A. To act as the premier policy think tank of the government, providing directional and policy inputs and fostering cooperative federalism✓ Correct Answer
B. To allocate financial grants and plan expenditures for state governments annually
C. To regulate foreign institutional investments and monitor stock market operations
D. To audit government ministries and report financial irregularities to Parliament
💡 Solution & Explanation
NITI Aayog functions as the premier policy think tank of the Government of India, offering directional and strategic inputs while promoting cooperative federalism through active state participation. Unlike the defunct Planning Commission, it possesses no financial allocation powers for state plans. The Prime Minister serves as the chairperson of NITI Aayog.
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