NITI Aayog
| Government agency overview | |
|---|---|
| Formed | 1 January 2015 |
| Jurisdiction | Government of the Republic of India |
| Headquarters | New Delhi |
| Annual budget | ₹339.65 crores currency (2018-19) including Ministry of Planning |
| Government agency executives |
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| Parent Government agency | Ministry of Planning |
| Website | www |
The NITI Aayog (lit. 'Policy Commission'; abbreviation for National Institution for Transforming India) serves as the apex public policy think tank of the Government of the Republic of India, and the nodal agency tasked with catalyzing economic development, and fostering cooperative federalism and moving away from bargaining federalism through the involvement of State Governments of India in the economic policy-making process using a bottom-up approach.
It was established in 2015, by the NDA government, to replace the Planning Commission which followed a top-down model. The NITI Aayog council comprises all the state Chief Ministers, along with the Chief Ministers of Delhi and Puducherry, Lieutenant Governors of all Union Territories, and a vice-chairman nominated by the Prime Minister. In addition, temporary members are selected from leading universities and research institutions. These members include a chief executive officer, four ex-officio members, and three part-time members.