UPSC Prelims 2015
Indian Polity
The Government of India has established NITI Aayog to replace the
Explanation
The Government of India established NITI Aayog to replace the Planning Commission. The Planning Commission was established in 1950 and played a vital role in India's economic development through five-year plans. However, NITI Aayog, formed in 2015, was designed to be a more agile and forward-looking institution compared to the Planning Commission.