Long-term vs Short-term Goals — Ethical Standards

Entry	Year	Description	Impact
Policy Shift: From Planning Commission to NITI Aayog	2015	The replacement of the 65-year-old Planning Commission with the National Institution for Transforming India (NITI) Aayog represented a fundamental amendment to India's planning philosophy. It moved away from creating rigid Five-Year Plans with financial allocation powers to a more flexible model of a think tank that formulates long-term vision (15-year), medium-term strategy (7-year), and short-term action agendas (3-year).	This shift was designed to better balance long-term direction with short-term flexibility. It promotes cooperative federalism by involving states more in planning. The impact is a move towards indicative planning rather than centralized control, theoretically making the system more responsive to immediate economic realities while still being guided by a long-term vision document. It institutionalizes a framework for thinking across multiple time horizons.