NITI Aayog or more formally The National Institution for Transforming India, is a “state of art” organization, which ideates policies with a modern perspective. The institution is responsible for ideating new directives and to create long term programs and initiatives.
The committee was formed in 2015, to replace the Planning Commission; NITI Aayog was set to revamp the previous committee by bringing in the concept of Cooperative Federalism and a “Bottom up” approach. Co-operative federalism hopes in bringing states together to act in national interest, and a bottom up approach ensures that the less economically fortunate are considered first.
Discussing the application of Artificial Intelligence in driving economic recovery
Artificial Intelligence has been a disruptive force throughout industries and economies, it has provided promising results in transforming the way humanity perceives things. AI has been recently gaining a foothold in many governmental policies, and adopting such policies have helped in improving key aspects of governance.
The current situation has led the economy into a dire state, but AI seems to be a promising candidate in revitalizing the economy. With penetration in almost every sector AI based policies truly can have a deep impact on the economy. But a few questions remain; Is today’s AI advanced enough to compete with general ideologies? Is AI scalable enough to change the lives of more than a billion people?