The Economic Survey of India presented by our Finance Minister today is the first one after the implementation of the Goods and Service Tax (GST). Presented on the first day of the budget session, let us understand what the economic survey is about and what is its significance.
What is an Economic Survey and why is it important?
The Economic Survey reviews India's development as an economy for the past 12 months. It is considered a flagship document of the Ministry of Finance. It also shows the performance of policy initiatives undertaken by the government in the past year. It also talks about India's economic growth in both ong term and short term prospective.
Who prepares the Economic Survey of India?
It is prepared under the guidance of the Chief Economic Adviser of India. This position is currently held by Arvind Subramanian. He has a Bachelor's degree in Economics from St. Stephen's College, Delhi an MBA from the Indian Institute of Management, Ahmedabad and M.Phil and D.Phil degrees from the University of Oxford on the prestigious Inlaks Scholarship.
Who Presents the ES of India?
It is presented by the Union Finance Minister of India. The position is currently held by Arun Jaitley.
Can we access the Economic Survey?
Yes, the Economic Survey of India is available for public view. The Chief Economic Adviser will release the highlights of the survey in the press interview. For the details on the survey, one can visit the official website http://mofapp.nic.in:8080/economicsurvey/ for further understanding. The survey is also released as book publications for study purposes.