Step 1: Understanding the Concept:
NITI Aayog is the premier policy think tank of the Government of India.
It replaced the Planning Commission on January 1, 2015.
It aims to foster cooperative federalism and provide strategic policy advice.
Detailed Explanation:
The term "NITI" is an acronym.
It stands for "National Institution for Transforming India".
It emphasizes a bottom-up approach to economic policy-making.
This contrasts with the top-down approach of the former Planning Commission.
The Prime Minister of India serves as its ex-officio Chairperson.
The institution works closely with state governments to drive national development.
Looking at the options:
- Option (A) correctly spells "National Institution for Transforming India".
- Other options contain subtle variations like "Institute" or "Transactional", which are incorrect.
Step 2: Final Answer:
The correct full form of NITI Aayog is the National Institution for Transforming India.