bodies associated with planning in india

The bodies associated with economic planning in India have undergone a significant structural shift, moving from the centralized [[Planning Commission]] to the contemporary [[NITI Aayog]].

1. The Planning Commission (1950–2014)

The Planning Commission was established on March 15, 1950, through a Union Cabinet resolution as an advisory body.

2. NITI Aayog (2015–Present)

The National Institution for Transforming India (NITI Aayog) replaced the Planning Commission on January 1, 2015, to meet the modern requirements of India’s economy.

Summary of Differences

FeaturePlanning CommissionNITI Aayog
ApproachTop-to-bottom (Centralized)Bottom-up (Decentralized)
MandateFormulated Five-Year PlansDrafts 3-year agendas, 7-year strategies, and 15-year visions
Financial PowerAllocated funds to statesNo power to allocate funds (Finance Ministry/Commission does this)
Role of StatesStates had a limited say in expenditureStates are active partners through the Governing Council