Don’t miss the latest developments in business and finance.

image

Economic Survey

About Economic Survey

Facebook IconLinkedIN Icon

What is Economic Survey

The Economic Survey brings out the economic trends in the country and facilitates a better appreciation of the mobilisation of resources and their allocation in the Union Budget. The Survey analyses the trends in agricultural and industrial production, infrastructure, employment, money supply, prices, imports, exports, foreign exchange reserves and other relevant economic factors that have a bearing on the Budget. It is presented in Parliament ahead of the Budget for the ensuing year.
 
The Budget of the central government is not merely a statement of receipts and expenditure. Since Independence, with the launch of Five-Year Plans, it became a significant statement of government policy. The Budget reflects and shapes, and is, in turn, shaped by the country's economy. For a better appreciation of the impact of government receipts and expenditure on the other sectors of the economy, it is necessary to group them in terms of economic magnitudes — for example, how much is set aside for capital formation, how much is spent directly by the government and how much is transferred by the government to other sectors of the economy by way of grants, loans, etc. This analysis is contained in the Economic and Functional Classification of the Central Government Budget, which is brought out by the Ministry of Finance separately.
 
The Economic Survey 2021-22 was drafted by a team led by Principal Economic Advisor Sanjeev Sanyal.
 
The report is usually penned by India’s chief economic advisor (CEA). But this time the new CEA, V Anantha Nageswaran, had been appointed to the post only days before the Budget.
 
The Economy Survey this time has been reverted to a one-volume report formart after eight years. The earlier two-volume format was way too “unwieldy”, Sanyal said in his introductory remark.
 

Latest Updates on Economic Survey

Deregulation to be big theme of Eco Survey

Updated On: 05 Dec 2024 | 11:25 PM IST

Shift to new tax regime, steady rates affect collections

Updated On: 14 Nov 2024 | 10:31 PM IST

A shift in focus towards private investment is required to sustain the growth momentum. This should be a concern for policymakers

Updated On: 24 Oct 2024 | 11:12 PM IST

Speaking at Kautilya Economic Conclave, Finance Minister Nirmala Sitharaman noted that while it took the country 75 years to achieve a per capita income of $2,730, the next leap will be much faster

Updated On: 04 Oct 2024 | 12:05 PM IST

Here is the best of Business Standard's opinion pieces for today

Updated On: 06 Sep 2024 | 6:30 AM IST

The ministry added that both the consumer and industrial outlook surveys, which showed a declining trend, need to be monitored for future trends

Updated On: 22 Aug 2024 | 11:34 PM IST

The credit rating agency expects India's GDP to grow by 6.8 per cent for the full fiscal year 2024-25, lower than the 8.2 per cent achieved in 2023-24

Updated On: 22 Aug 2024 | 2:50 PM IST

High cost of doing business and geopolitics limit opportunities

Updated On: 15 Aug 2024 | 10:12 PM IST

In a volatile global landscape, sustained growth rate of more than 7 per cent is quite a challenge

Updated On: 08 Aug 2024 | 10:00 PM IST

While the interests of famers need to be protected, it would further complicate monetary and macroeconomic management

Updated On: 06 Aug 2024 | 10:21 PM IST

Union Labour Minister Mansukh Mandaviya assured the Lok Sabha that employment generation efforts by Prime Minister Narendra Modi has led to significant reduction in the unemployment rate

Updated On: 29 Jul 2024 | 4:12 PM IST

In an era when global economic growth is likely to be buffeted by geopolitical tensions and protectionism, growing India's exports of goods and services will be a stiffer challenge than before

Updated On: 28 Jul 2024 | 11:04 PM IST

Headline numbers best communicated to common man; Govt needs to step up supply management

Updated On: 26 Jul 2024 | 11:42 PM IST

Union Budget 2024-25: Finance Minister Nirmala Sitharaman announced the continuation of bank credit to micro, small, and medium enterprises (MSMEs) during stress periods

Updated On: 23 Jul 2024 | 12:26 PM IST

Speaking on the tourism sector, Pitti said that he expects the government to put some more focus on tourism as it provides many employment opportunities

Updated On: 23 Jul 2024 | 10:09 AM IST

In the annual economic survey, Nageswaran said it is morally wrong to ask developing countries to abandon their aspirations for better living standards

Updated On: 23 Jul 2024 | 10:05 AM IST

Here is the best of Business Standard's opinion pieces for today

Updated On: 23 Jul 2024 | 6:30 AM IST

A recent report by the Principle Scientific Adviser, Government of India and IIM Ahmedabad estimates India's energy demand to double by 2040

Updated On: 23 Jul 2024 | 6:30 AM IST

This could be a disadvantage for the Indian economy, mentions the survey

Updated On: 23 Jul 2024 | 12:24 AM IST

There are five issues that have been brought up in the Survey which requires discussion

Updated On: 23 Jul 2024 | 12:02 AM IST