As the Union Budget is set to be presented on July 23, all eyes are on the Economic Survey of India, which provides key insights into the country’s economic performance.
The Economic Survey is a comprehensive report prepared by the Chief Economic Adviser (CEA) and his team at the Department of Economic Affairs under the Union Ministry of Finance.
It underscores the central government’s policy initiatives over the past year, highlights the performance of various economic sectors, and offers a glimpse into future growth prospects.
The Economic Survey is typically tabled in Parliament by the Finance Minister. Following this, the CEA V Anantha Nageswaran will highlight its key points in a press conference.
The survey summarises the performance of India’s manufacturing and services sectors and discusses the balance of trade.
It also focuses on India’s fiscal policy trajectory, examining the evolution of money, banking, and capital markets.
Issues related to climate change, the environment, and significant international political and economic developments affecting India are also discussed.