Home Notifications Newsletters Next Share

Economic Survey decoded: Here’s why it is importanthttps://www.businessinsider.in/clusterstock/economic-survey-decoded-heres-why-it-is-important/slidelist/56888676.cms2017-01-31T13:05:06+05:30

Economic Survey decoded: Here’s why it is important

Advertisement

Jan 31, 2017, 13:05 IST

What is the Economic Survey?

What is the Economic Survey? — In easy language, Economic Survey serves as the official report card of the economy. It is usually tabled a day before the presentation of the Annual Budget.

Advertisement

Why is it presented a day before budget

Why is it presented a day before budget — The survey is presented a day before budget so that a context to the budget can be provided so that there is a better understanding of budget proposals.

Advertisement

What does an Economic Survey contain?

What does an Economic Survey contain? — The survey mostly contains a detailed account of the state of the economy along with the prospects and the policy challenges. The outlook of the survey serves as a marker about future policy moves.

Who will draft the survey?

Who will draft the survey? — The Economic Survey is authored by Chief Economic Adviser and this year the post is held by Arvind Subramanian and he along with his team will draft the survey.

Advertisement

Where can one find the economic survey?

Where can one find the economic survey? — The pdf of the entire survey is available on the website of Finance Ministry i.e www.finmin.nic

Does the survey suggest policy changes?

Does the survey suggest policy changes? — Successive CEAs have used the Economic Survey to recommend policy changes, sometimes even sweeping measures. This year, for instance, the survey is widely expected to recommend the rollout of Universal Basic Income (UBI), a poverty alleviation plan involving direct money transfer to people’s bank accounts.

Advertisement

Are such recommendations binding?

Are such recommendations binding? — The government isn’t bound to follow the recommendations as it is only there to be taken into consideration. Survey, in the past, has favoured policy moves that come into conflict with the official line of thinking of the government in power. These do not necessarily serve as pointers to what to expect in the annual budget.

Next Story 15 major highlights of Economic Survey

Advertisement

View All Latest

Advertisement

Copyright © 2024. Times Internet Limited. All rights reserved.For reprint rights. Times Syndication Service.