Economic Survey : Basics

What is the Economic Survey 2017?
  • It is an assessment document
  • It gives picture of the Economic Landscape of the country.
  • The Budget is for the fiscal year 2017-2018, while the Economic Survey is an assessment of the last fiscal year, preceding it, that is 2016-2017.
When is the Economic Survey Released?

The Economic Survey is released one day before the Budget. The Budget is set to be presented on February 1, 2017. The Economic Survey is released on January 31, 2017 this year.

Who prepares the Economic Survey?

Chief Economic Adviser to the Government of India.

What is the significance of the Economic Survey?
  • It gives holistic overview of the economy and sector specific issues.
  • Various problems are assessed and policies are suggested in it. They are often put to use in the coming years by the government.
  • It is a document which is watched by global financial institutions and investors

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