Q. Which of the following changes took place in Indian economy in last one decade?
1.Co-operative federalism
2.Top – to – bottom approach
3.Holistic and inclusive development
Select the correct answer from below given codes:
Answer: B
Notes:
Explanation: By early 2015, we saw some major changes taking place in the area of planning in India.
- The Government replaced the existing body, Planning Commission, with the NITI Aayog (a new economic ‘Think Tank’), with the aim of ‘overhauling’ the very process and method of planning in the country.
- This move is believed to originate out of India’s experiences of development planning spanning over six decades.
- Co-operative federalism, bottom-up approach, holistic and inclusive development with the need of an Indian model of development is some of the hallmarks of the new design.
- The move is also seen in light of the changing needs of the economy.
Source: Ramesh Singh