Step 1: Understanding the Question:
We need to provide the correct expanded form of the acronym "NITI".
Step 2: Detailed Explanation:
The NITI Aayog was formed via a resolution of the Union Cabinet on January 1, 2015, replacing the decades-old Planning Commission.
The acronym NITI stands for National Institution for Transforming India.
Common mistakes involve using the word "Institute" instead of "Institution".
Step 3: Final Answer:
The correct full form is National Institution for Transforming India.