NITI Aayog-Think-Tank for Transforming India

National institution for transforming India, also called NITI Aayog, was formed by the union cabinet on January 1, 2015. The Govt. has replaced planning commission with a new institution named NITI Aayog. The major difference in approach to planning, between NITI Aayog and planning commission is that the former will invite greater involvement of the states, while the latter took a top-down approach with a one-size-fits -all plans. The main aim of the paper is to highlight the importance of NITI AAYOG, what is Niti Aayog, why govt. Changed Planning Commission with Niti Aayog, what is the composition of Niti Aayog, based on seven pillars of democracy, what are the main objectives and functions of Niti Aayog, how Niti Aayog is different from Planning Commission, what are the benefits of this Aayog and what are the main challenges faced by Niti Aayog in these days. Niti Aayog is definitely a welcome step in the direction of purposed planning in India from a fresh panorama. Let us hope that it succeeds against all the challenges in the path and take the India to a new level of growth. Lets hope for AACHE DIN for Niti Aayog. To study the objectives, secondary tools were used, which includes Books, Journals, Newspapers, Internet and Google Scholars.