Economic Survey 2024 to be out day before Budget: What is it, who will present? Check details

The survey, seen as a precursor to the presentation of the budget, is prepared by the Chief Economic Adviser (CEA), along with his team at the Department of Economic Affairs (DEA), which falls under the Union Ministry of Finance.

What is the Economic Survey?

The Economic Survey is a detailed document that underscores the policy initiatives of the central government over the past year, and highlights the performance of various economic sectors. It also sheds light on the path ahead, and provides an insight into the growth prospects.

A significant portion of the survey summarises the performance of India's manufacturing and services sectors, and talks about the balance of trade.

The document focuses on India’s fiscal policy trajectory and examines the evolution of money, banking and capital markets. It also assesses the country’s wholesale and retail prices throughout the year. In recent years, the survey has also talked about climate change and the environment.

Global macro trends, including significant international political and economic developments, also find a mention in the survey.

Who will present the Economic Survey 2024?

Typically, the Economic Survey is tabled in the Parliament by the finance minister. Nirmala Sitharaman, who has been serving as the country's FM since 2019, is expected to again table the document before the House on July 22 -- the first day of the Parliament's Budget Session. She is scheduled to present the Union Budget a day later, on July 23.

Meanwhile, the highlights of the Economic Survey are expected to be presented later in the day on July 22 by CEA V Anantha Nageswaran, in a press conference.

Nageswaran had also prepared the last Economic Survey, which was presented on January 31, 2023. The survey for FY24, however, was not presented ahead of the Interim Budget released in February this year.