What is the economic survey

What is the economic survey

Sub: Eco

Sec: National Income

The Economic Survey is a detailed annual document prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance. It is formulated under the supervision of the Chief Economic Advisor (V Anantha Nageswaran is the current CEA of India) and provides a statistical and analytical overview of the economy.

The survey covers a range of topics, including GDP growth, inflation, employment, sectoral performance, and budget deficits. Its primary purpose is to inform policymakers, businesses, and the public about the economic conditions and the challenges ahead.

The first Economic Survey was introduced in 1950-51 and was initially part of the budget documents. In the 1960s, it was separated from the budget and presented a day before the Union Budget. Over the years, the survey has evolved to include various themes that reflect the country’s economic priorities.