What is Economic Survey?
- Admin
Economic Survey is an annual document presented by the government of India to the Parliament. It provides a comprehensive overview of the country's economy, including its growth and development, macroeconomic performance, fiscal situation, and various sectoral developments.
The survey is prepared by the Chief Economic Adviser of the Ministry of Finance and is released a day before the Union Budget. It is considered as a reference document for policymakers, economists, and the general public.
The Economic Survey analyses the current economic scenario and provides insights on various economic and financial issues, including inflation, balance of payments, agriculture, industry, and employment. It also provides a detailed assessment of the government's economic policies and their impact on the economy.
History
The first Economic Survey was presented in 1950-51, soon after India gained independence. The purpose of the survey was to provide a comprehensive overview of the country's economy and to guide economic policymaking. Since then, the Economic Survey has been an annual tradition and an important document for the Indian economy.
Over the years, the Economic Survey has evolved to reflect the changing economic scenario of the country. It now provides a comprehensive analysis of various economic and financial issues and their impact on the economy.
In recent years, the Economic Survey has adopted a more analytical approach, providing in-depth insights and recommendations on various economic and financial issues. The survey has also become more accessible to the general public, with the government making it available in multiple languages and formats.
In conclusion, the Economic Survey is an important document that provides a comprehensive view of the Indian economy, its performance, and the impact of government policies on it. By reading the survey, one can get a clear understanding of the current economic situation and its future prospects.
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