What is Economic Survey?

What is Economic Survey? How is it related to the Budget?
The Economic Survey is released a day before the Budget. It summarises the annual economic development in the country and sketches out short- and medium-term prospects of the economy. It is prepared by the chief economic adviser in the finance ministry.

The flagship document of the finance ministry, the Economic Survey provides detailed statistical data covering all aspects of the economy. It is the authoritative guide to the Indian economy. It is usually seen to provide policy perspective for the Union Budget.


The Chief Economic Advisor of India usually has to be present in the Parliament to answer queries regarding the economic survey.