Economic survey of India

The Economic Survey of India is the flagship annual document of the Ministry of Finance, Government of India. The Department of Economic Affairs, Ministry of Finance presents the Survey in the Parliament every year, just before the Union Budget. It is prepared under the guidance of the Chief Economic Adviser of India.[1] This document is presented to both Houses of Parliament during the Budget Session.

The first Economic Survey of India was presented in 1950-51 as part of the Union Budget. After 1964 it was separated from the Budget and presented each year during the Budget Session before the presentation of the budget.[2] The document is non-binding. Nevertheless, is constructed and presented each year due to its significance.[2]

Content

The document is the Ministry's view on the state of the economy of the country. This flagship annual document of the Ministry, the Economic Survey of India reviews the developments in the Indian economy over the past financial year, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term.[1]

Unlike the traditional Economic Survey, the Economic Survey of India for 2016–17, prepared by Chief Economic Adviser Arvind Subramanian,[3] did not have the detailed financial statistics of the Government of India.[4]

See also

References
  1. "What is Economic Survey?". The Financial Express. 30 June 2019. Retrieved 30 July 2019.
  2. PTI (30 January 2020). "What is Economic Survey and Why is it Important?". News18. Retrieved 31 January 2020.
  3. "Arvind Subramanian, the Man Who Revamped Economic Survey". News18. Retrieved 30 July 2019.
  4. "Energy News Monitor". XIII (48). ORF. 15 May 2017. Retrieved 2 May 2018. Cite journal requires |journal= (help)
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