Which institution is responsible for the formulation and change of indian economic policy?
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"The Ministry of Finance is responsible for the formulation and change of Indian economic policy.
It is an important ministry within the Government of India apprehensive with the economy of India, serving as the Indian Treasury Department.
In specification, it concerns itself with financial legislation, taxation, financial institutions, centre and state finances, capital markets, and the Union Budget.
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NITI Aayog is the name of the institution of modern India that is responsible for the formation and change of economic policy.
Explanation:
- The earlier Planning Commission of India has been renamed and re-established as the NITI Aayog, and here the NITI stands for National Institution of Transforming India.
- This is expected to act as a strategic unit for the government regarding policy effectiveness, formulation and changes if required to be brought depending on the change the economy is facing.
Learn more about NITI Aayog:
What is niti aayog and its function
https://brainly.in/question/3822515
Who is the ex-officio chairman of the NITI Aayog formed on January 1, 2015?
a. Prime Minister
b. President
c. Vice President
https://brainly.in/question/7982073
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