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The Economic Survey is an annual document prepared by a team led by the Chief Economic Advisor. It reviews the economic progress and suggests reforms to support long-term growth.
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The survey serves as a guiding document throwing light on the current GDP trends, employment patterns, inflation, and key economic sectors.
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The survey may offer insights into GDP growth, global trade challenges, digital advancements, and strategies for climate resilience.
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The first Economic Survey was held in 1950-51 and it was initially a part of the budget document. Later, it was separated and presented a day before the Union Budget.
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The survey may highlight government spending plans, tax strategies, and key policy measures to drive economic stability.
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The theme of the Economic Survey is important as it sets the tone for the policies which are proposed in the Union Budget as well. In 2024, the theme was economic resilience.
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India's economy grew 5.4% in the July-September 2024 quarter, falling short of the RBI's 7% projection. The government estimated full-year growth at 6.4%, while the RBI revised its forecast to 6.6% from 7.2%.
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