Economic Survey – UPSC Prelims

Economic Survey:
  • The Economic Survey of India is an annual document released by the Ministry of Finance.
  • It contains the most authoritative and updated source of data on India’s economy.
  • It is a report that the government presents on the state of the economy in the past one year, the key challenges it anticipates, and their possible solutions.
  • It is prepared by the Economics Division of the Department of Economic Affairs (DEA) under the guidance of the Chief Economic Advisor.
  • It is usually presented a day before the Union Budget.
  • It is submitted to both houses of Parliament during the Budget Session.
  • The first Economic Survey in India was presented in the year 1950-51. Up to 1964, it was presented along with the Union Budget. From 1964 onwards, it has been delinked from the Budget.

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