Niti Ayog formed in :

Correct option is A

Correct Option: (A) 01 January 2015

• NITI Aayog (National Institution for Transforming India) was formed on 01 January 2015 by the Government of India, replacing the Planning Commission.

• It acts as the policy think tank of the Indian government, focusing on strategic and long-term policies and programs.

• NITI Aayog promotes cooperative federalism by involving states in the planning process through a bottom-up approach.

• The Prime Minister of India is the Chairperson of NITI Aayog.

• The first Vice-Chairperson was Arvind Panagariya.

• Key functions include:

  1. Formulating policies for economic growth.

  2. Encouraging innovation, digital transformation, and sustainable development.

  3. Acting as a platform for resolution of inter-sectoral and inter-departmental issues.