Bhopal: Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Friday welcomed the decision to constitute a NITI Aayog in place of the Planning Commission, saying it would go a long way in meeting India's developmental challenges.
"Niti Aayog will go a long way in meeting India's developmental challenges," the Madhya Pradesh CM tweeted.
Chouhan said the NITI Aayog would lay the foundation of a true federal structure.
"Constitution of the NITI Aayog has laid the foundation of a truly federal structure in the development process of transforming India," he said.
"2015 has opened a new vista for co-operative and democratic values-based development of the country," the chief minister wrote on his blog.
The Planning Commission constituted by India's first Prime Minister Pandit Jawaharlal Nehru was necessary due to conditions prevailing at that time and five-year plans had played a key role in the development of the nation.
However, after 1991's economic liberalisation, the Planning Commission, in its current form had lost its relevance and its lack of democratic functioning had become evident during the last few decades, he said.