Introduction

The Prime Minister appoints a business executive and a Vice-Chairperson of the NITI Aayog. Further, it's some regular moreover as part-time members at the side of four Union Ministers serving as ex-officio members. It conjointly encompasses a governing council which has all State Chief Ministers and Lt. Governers of the Union Territories. The council works towards fostering cooperative political theory for providing a national agenda to the middle and therefore the individual States. In addition, there square measure specific regional councils and therefore the Prime Minister invitat some special invitees who are specialists and specialists in numerous fields too.

Since it is a company of the govt. or as a directional and policy generator, it provides recommendation on strategic policy matters to the governments at the middle and therefore the States. Further, it includes economic problems with each domestic and international importance. Having replaced the previous committee, NITI Aayog, the premier policy company of the Indian government, aims to play a bigger role within the economic political method of the govt.. the govt. has entrusted this establishment with the duty of fostering associate surroundings contribution to innovation and invention within the field of natural philosophy. NITI Aayog has developed a collection of tips and schemes which will bolster India’s ability within the international stage, by supporting the nation’s innovators.

The National establishment for reworking Bharat (NITI Aayog) is that the premier policy company of the Indian government, providing each directional and policy inputs. whereas planning strategic and long-run policies and programmes for the govt of Bharat, NITI Aayog additionally provides relevant technical recommendation to the Centre and also the states.

The government, keep  its reform agenda, habitual to the NITI Aayog to act because the platform for the Centre and states to figure along within the national interest, towards cooperative ideology.

Various initiatives are haunted to market innovation in Bharat. The natural philosophy Development Fund (EDF) was created to assist generate associate scheme for R&D in natural philosophy, likewise on promote science generation and large-scale producing in Bharat. Initiatives have additionally been taken to market incubators and centres of excellence within the sector. Below are some startups

Key Words: NITI Aayog, Union Ministers serving as ex-officio members, natural philosophy Development Fund (EDF)

Make in Bharat – a key strategy for the ESDM sector

ESDM may be a vital sector of the Indian economy, acting together of the pillars of the ‘Make in India’ and ‘Digital India’ program's. Considering the wide gap between the nice potential of the Indian natural philosophy producing sector, and its low levels of accomplishment, NITI Aayog has ready a draft strategy paper to market natural philosophy producing in Bharat. the target of this strategy is to make associate scheme within which the Indian industry becomes globally competitive.

Government backing for innovators

Slowing growth within the world economy has placed India during a sweet spot. In 2015, India’s rate was 7.6 per cent compared to the world average of 3.1 per cent, demonstrating strong fundamentals underpinned by robust domestic demand and a rise in foreign capital inflows. However, there's a compelling case for India to realize even higher growth rates by thickening its efforts to spice up innovation and entrepreneurship.
The precursor to associate degree innovation is that the ability to require risks with an entrepreneurial mental attitude. it's crucial that folks capitalize on the opportunities once the govt. is providing the requisite digital and physical support infrastructure.
There must be a basic shift within the minds of these within the Indian technical school area. The chief operating officer of NITI Aayog, Amitabh philosopher, has stated, “Make India a nation of job creators instead of job seekers.”
Businesses in India ought to capitalize on newer technology trends like AI, Big Data, block-chaining, a cashless society, Cyber security, the web of Things, video game, 3D producing and then on, among others, leading to the disruption of this scheme. Businesses mustn't solely ‘Stay in India’ however conjointly ‘Shift to India’. The Indian start-up scheme isn’t solely restricted to Indian entrepreneurs. There are vital enhancements within the easy doing business within the country, which, let alone the favorable demographics and therefore the low price of doing business, build India a sexy destination for foreign nationals to begin up businesses.

Atal Incubation Centres (AICs)

The Atal Innovation Mission (AIM) intends to ascertain ‘new’ incubation centres (Atal Incubation Centres) across Republic of India by providing them with resource. These AICs can support and encourage startups to become made enterprises. they're going to offer the required infrastructure and help to startups in their early stages of growth. AIM can offer a grant-in-aid of ₹ one hundred million to every AIC for a most of 5 years to hide the capital and operational expenditure in running the centre. The mortal can got to offer a settled area of a minimum of 929 sqm to qualify for the resource.

NITI Aayog is probably going to hunt cupboard approval for a long-run policy to spice up producing of electronic merchandise, which can offer a number of incentives. As per the draft strategy, the potential contribution of the industry to a country’s GDP is important because it accounts for fifteen.5 per cent in Taiwan, 15.1 per cent in Asian country and one2.7 per cent in China. Yet, in India, the figure is just one.7 per cent.
NITI Aayog has recommended a one0-year tax vacation for corporations investment over US$ 1 billion in natural philosophy producing activities. the govt think-tank has conjointly been asked to plot associate export-oriented strategy for the business, since the domestic market at US$ sixty five billion constitutes a fraction of the globe market, that is over US$ two trillion. 
At the core of NITI Aayog’s creation area unit 2 hubs – Team Republic of India Hub and also the information and Innovation Hub. The Team Republic of India Hub leads the engagement of states with the Central government, whereas the information and Innovation Hub builds NITI’s think-tank capabilities. These hubs mirror the 2 key tasks of the Aayog.

NITI Aayog is additionally developing itself as a State of the Art Resource Centre, with the required resources, information and skills, which will modify it to act with speed, promote analysis and innovation, offer strategic policy vision for the govt, and agitate contingent problems.

Features

NITI Aayog is developing itself as a progressive Resource Centre, with the required resources, data and skills, that may change it to act with speed, promote analysis and innovation, give strategic policy vision for the govt., and handle contingent problems.

NITI Aayog’s entire gamut of activities will be divided into four main heads:

 Design Policy & Programme Framework
 Foster Cooperative political theory
 Monitoring & analysis
 Think Tank and data & Innovation Hub

Objectives

 To evolve a shared vision of national development priorities, sectors and methods with the active involvement of States.
 To foster cooperative political theory through structured support initiatives and mechanisms with the States on never-ending basis, recognizing that sturdy States create a powerful nation.
 To develop mechanisms to formulate credible plans at the village level and mixture these more and more at higher levels of state.
 To ensure, on square measure as that are specifically said it, that the interests of national security square measure incorporated in economic strategy and policy.
 To pay special attention to the sections of our society which will be in danger of not benefiting adequately from economic progress.
 To design strategic and future policy and program frameworks and initiatives, and monitor their progress and their efficacious. the teachings learnt through observation and feedback are used for creating innovative enhancements, as well as necessary mid-course corrections.
 To provide recommendation and encourage partnerships between key stakeholders and national and international like  assume tanks, similarly as instructional and policy analysis establishments.
 To create a information, innovation and entrepreneurial web through a cooperative community of national and international specialists, practitioners and alternative partners.
 To offer a platform for resolution of inter-sector and inter-division problems so as to accelerate the implementation of the event agenda.
 To maintain a progressive Resource Center, be a repository of analysis on smart governance and best practices in property and evenhanded development similarly as facilitate their dissemination to stake-holders.
 To actively monitor and assess the implementation of program and initiatives, as well as the identification of the required resources thus on strengthen the chance of success and scope of delivery.
 To concentrate on technology up-gradation and capability building for implementation of program and initiatives.
 To undertake alternative activities as could also be necessary so as to any the execution of the national development agenda, and also the objectives mentioned on top of.

The measures were taken by the NITI Aayog to assist India face complicated challenges

1. Leverage India’s demographic dividend and notice the potential of young men and ladies. This can be done through conveyance education, ability development, the elimination of gender bias and providing employment opportunities.
2. Eliminate economic condition and provide Indians a higher likelihood to measure a lifetime of dignity and respect.
3. Redress inequalities supported gender bias, caste, and economic disparities.
4. Integrate villages into the event method of the country.
5. Provide policy support to over fifty million businesses – a serious supply of employment generation.
6. Safeguard our environmental and ecological assets.

 Conclusion
The council works towards fostering cooperative ideology for providing a national agenda to the middle and therefore the individual States. to boot, there square measure specific regional councils and therefore the Prime Minister invitations some special invitees who square measure consultants and specialists in numerous fields too.
Since it is a think factory of the govt. or as a directional and policy generator, it provides recommendation on strategic policy matters to the governments at the middle and therefore the States. Further, it includes economic problems with each domestic and international importance.

Online Resources
1. https://www.electronicsb2b.com/policy-corner/niti-aayog-reaching-startups-innovators/
2. https://www.toppr.com/guides/business-economics-cs/overview-of-indian-economy/introduction-of-niti-aayog-in-india/