Economy: Niti Aayog - 1 Video Lecture | Crash Course for Haryana Public Service Commission (HPSC) - HPSC (Haryana)

FAQs on Economy: Niti Aayog - 1 Video Lecture - Crash Course for Haryana Public Service Commission (HPSC) - HPSC (Haryana)

1. What is the role of Niti Aayog in the Indian economy?
Ans. Niti Aayog serves as the premier policy think tank of the Government of India, tasked with fostering cooperative federalism through the involvement of State Governments in the economic policy-making process. It aims to achieve sustainable development goals, enhance the living standards of citizens, and implement various initiatives for economic growth. By providing strategic and technical advice, Niti Aayog plays a crucial role in shaping India's economic policies and programs.
2. How does Niti Aayog contribute to the planning and implementation of economic policies?
Ans. Niti Aayog contributes to the planning and implementation of economic policies by formulating strategic plans, conducting research, and providing evidence-based recommendations to the government. It collaborates with State Governments to develop sector-specific strategies and monitors the implementation of policies across various sectors. Additionally, it evaluates programs and suggests improvements to enhance their effectiveness and efficiency.
3. What are some key initiatives launched by Niti Aayog to boost the economy?
Ans. Niti Aayog has launched several key initiatives to boost the economy, including the Atal Innovation Mission, aimed at promoting innovation and entrepreneurship; the Aspirational Districts Programme, which focuses on improving socio-economic indicators in underdeveloped districts; and the Digital India initiative to enhance digital infrastructure and services. These initiatives are designed to stimulate growth, create jobs, and improve overall economic performance.
4. How does Niti Aayog promote sustainable development in India?
Ans. Niti Aayog promotes sustainable development through various programs and policies that focus on environmental sustainability, social inclusion, and economic growth. It emphasizes the need for sustainable practices in agriculture, energy, and urban development. By integrating environmental considerations into economic planning and policy formulation, Niti Aayog aims to ensure that development is both inclusive and sustainable for future generations.
5. What is the significance of cooperative federalism in the context of Niti Aayog's functioning?
Ans. Cooperative federalism is significant to Niti Aayog's functioning as it encourages collaboration between the central and state governments in the policy-making process. This approach ensures that diverse regional needs and aspirations are considered, leading to more effective and tailored economic policies. By fostering partnerships and dialogue among various stakeholders, Niti Aayog aims to create a more cohesive and integrated approach to national development.
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