3. Economic Planning - AW Flashcards

(10 cards)

1
Q

What is the mandate of NITI Aayog?

A

To re-imagine India’s development agenda by dismantling old-style central planning and making strategies for transforming India.

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2
Q

How does NITI Aayog differ from the Planning Commission in terms of federalism?

A

NITI Aayog adopts a bottom-up, collaborative approach allowing states more autonomy, while the Planning Commission used a top-down, centralized approach.

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3
Q

Fill in the blank: NITI Aayog is based on ideals of _______ reforms and a market economy, while the Planning Commission was inspired by the _______ Union and worked on the ideals of _______.

A

[LPG]; [Soviet]; [socialism]

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4
Q

What are the three key time frames NITI Aayog considers in its planning?

A
  • Three-Year Action Plan
  • Seven-Year Strategy
  • 15-year Vision Document
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5
Q

Fill in the blank: Unlike the Planning Commission, NITI Aayog has no _______ powers and acts as an _______ body.

A

[financial]; [advisory]

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6
Q

List all the key keywords related to the differences between NITI Aayog and Planning Commission.

A
  • NITI Aayog
  • Planning Commission
  • LPG reforms
  • free market economy
  • Three-Year Action Plan
  • Seven-Year Strategy
  • 15-year Vision Document
  • bottom-up approach
  • cooperative federalism
  • competitive federalism
  • innovation
  • advisory body
  • think tank
  • stakeholder engagement
  • outcome-based monitoring
  • input-based planning
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7
Q

What are the main issues with the Planning Commission’s approach? (Bullet points, keywords only)

A
  • Centralized, top-down planning
  • Rigid, bureaucratic process
  • Limited stakeholder engagement
  • Input-based monitoring
  • Uniform five-year plans
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8
Q

What are the main solutions or improvements introduced by NITI Aayog? (Bullet points, keywords only)

A
  • Bottom-up, collaborative approach
  • Cooperative and competitive federalism
  • Advisory, think tank role
  • Stakeholder partnerships
  • Outcome-based monitoring
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9
Q

What is the way forward for India’s development planning? (Bullet points, keywords only)

A
  • Flexible, adaptive strategies
  • Enhanced state autonomy
  • Innovation-driven solutions
  • Broader stakeholder engagement
  • Focus on outcomes
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10
Q

List 4-5 value addition points that provide an edge in understanding the NITI Aayog vs Planning Commission debate.

A
  • Recognizes shift from central planning to collaborative governance
  • Emphasizes innovation and technology-driven solutions
  • Promotes competitive and cooperative federalism
  • Encourages outcome-based policy evaluation
  • Facilitates multi-stakeholder engagement
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