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NITI - Aayog, India’s five year plans, Indian Economy Video Lecture | Indian Economy - B Com
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FAQs on NITI - Aayog, India’s five year plans, Indian Economy Video Lecture - Indian Economy - B Com
| 1. What is NITI Aayog and what is its role in India's five year plans? |  |
Ans. NITI Aayog, or the National Institution for Transforming India, is a policy think tank established by the Government of India to replace the Planning Commission. It plays a crucial role in formulating and implementing the country's five year plans. NITI Aayog's main objective is to foster cooperative federalism, promote sustainable development, and provide a platform for the involvement of states in the decision-making process.
| 2. How many five year plans have been implemented in India so far? | |
Ans. India has implemented a total of 12 five year plans since its independence in 1947. These plans have played a significant role in the country's economic development and have focused on various sectors such as agriculture, industry, infrastructure, and social welfare.
| 3. What is the significance of the five year plans in India's economy? | |
Ans. The five year plans in India have been instrumental in promoting economic growth, reducing poverty, and improving the overall standard of living. These plans have guided the allocation of resources, set targets for various sectors, and fostered a framework for development. They have also helped in addressing regional disparities and promoting inclusive growth across the country.
| 4. How is the progress of the five year plans monitored and evaluated in India? | |
Ans. The progress of the five year plans in India is monitored and evaluated through a comprehensive process. The Planning Commission, and now NITI Aayog, review the implementation of various projects, assess the achievement of targets, and analyze the impact of policies and programs. Regular reports and assessments are prepared to track the progress and make necessary modifications or interventions to ensure successful plan implementation.
| 5. Has there been any shift in India's approach towards planning after the establishment of NITI Aayog? | |
Ans. Yes, the establishment of NITI Aayog marked a shift in India's approach towards planning. Unlike the Planning Commission, NITI Aayog focuses on cooperative federalism, empowering states, and involving them in the decision-making process. It promotes a more decentralized and participative approach to planning, emphasizing on innovation, technology, and data-driven policy formulation. NITI Aayog also emphasizes the importance of sustainable development and inclusive growth in its planning initiatives.
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