3. Economic Planning - AW Flashcards
(10 cards)
What is the mandate of NITI Aayog?
To re-imagine India’s development agenda by dismantling old-style central planning and making strategies for transforming India.
How does NITI Aayog differ from the Planning Commission in terms of federalism?
NITI Aayog adopts a bottom-up, collaborative approach allowing states more autonomy, while the Planning Commission used a top-down, centralized approach.
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 _______.
[LPG]; [Soviet]; [socialism]
What are the three key time frames NITI Aayog considers in its planning?
- Three-Year Action Plan
- Seven-Year Strategy
- 15-year Vision Document
Fill in the blank: Unlike the Planning Commission, NITI Aayog has no _______ powers and acts as an _______ body.
[financial]; [advisory]
List all the key keywords related to the differences between NITI Aayog and Planning Commission.
- 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
What are the main issues with the Planning Commission’s approach? (Bullet points, keywords only)
- Centralized, top-down planning
- Rigid, bureaucratic process
- Limited stakeholder engagement
- Input-based monitoring
- Uniform five-year plans
What are the main solutions or improvements introduced by NITI Aayog? (Bullet points, keywords only)
- Bottom-up, collaborative approach
- Cooperative and competitive federalism
- Advisory, think tank role
- Stakeholder partnerships
- Outcome-based monitoring
What is the way forward for India’s development planning? (Bullet points, keywords only)
- Flexible, adaptive strategies
- Enhanced state autonomy
- Innovation-driven solutions
- Broader stakeholder engagement
- Focus on outcomes
List 4-5 value addition points that provide an edge in understanding the NITI Aayog vs Planning Commission debate.
- 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