The National Institution for Transforming India (NITI Aayog) came into existence in 2015 replacing the Planning Commission which was established in 1950. The NITI Aayog is the successor to the Planning Commission. The new institution is envisaged to be a catalyst to the developmental process; nurturing
an overall enabling environment, through a holistic approach to development going beyond the limited sphere of the public sector and Government of India. This is to be built on the foundation of an empowered role of states as equal partners in national development underlying the principle of cooperative federalism. A knowledge hub of internal as well as external resources; serving as
a repository of good governance best practices and a think tank offering domain knowledge as well as strategic expertise to all levels of government. A collaborative platform facilitating implementation by monitoring progress, plugging gaps and bringing together the various ministries at the Centre and in
states, in the joint pursuit of developmental goals.