Formation and Date of Replacement: On 1 January 2015, the NITI Aayog was formed, directly replacing the Planning Commission.
Shift in Planning Model: Following Independence, India had adopted centralised planning, with the Planning Commission holding the responsibility for plan formulation at the Centre, State, and district levels; this subsequently graduated into decentralised multi-level planning.
Core Objective: NITI Aayog was set up to involve the states in economic policy making for India.
Advisory Role: It serves the function of providing strategic and technical advice to both the Central and State governments.
Legacy Assessment / Studies Mentioned: The erstwhile Planning Commission (noted as now known as NITI Aayog) estimated through studies that:
- Nearly 20 lakh jobs could be created in the education sector alone.
- Improving the tourism sector could generate additional employment for more than 35 lakh people every year.
https://www.ncert.nic.in/textbook/pdf/legy206.pdf
https://ncert.nic.in/textbook/pdf/jess202.pdf
