Identify which of the following is not correct in the context of NITI Aayog?

(1) It acts as the think-tank of the Union Government
(2) P.M. appoints the Vice Chairperson of NITI Aayog
(3) Arvind Panagariya is the current Vice Chairperson of NITI Aayog
(4) It has adopted ‘Bottom-up Approach’

3

The correct answer is Option 3 - Arvind Panagariya is the current Vice Chairperson of NITI Aayog.)***

Option 1: It acts as the think-tank of the Union Government: Correct. NITI Aayog serves as the apex public policy think tank of the Government of India, providing strategic and technical advice on key policy matters.

Option 2: P.M. appoints the Vice Chairperson of NITI Aayog: Correct. The Vice Chairperson of NITI Aayog is appointed by the Prime Minister. 

Option 3: Arvind Panagariya is the current Vice Chairperson of NITI Aayog: Incorrect-Arvind Panagariya served as the first Vice Chairman of NITI Aayog from January 2015 to August 2017. As of May 2025, the current Vice Chairperson is Shri Suman Bery, who took over the role on May 1, 2022. 

Option 4:It has adopted ‘Bottom-up Approach’: Correct- NITI Aayog emphasizes a bottom-up approach, promoting cooperative federalism by involving state governments in the economic policy-making process.