Economic Survey to be presented today; All you need to know about the pre-Budget survey

The Economic Survey for 2022-23 will be released on Tuesday, January 31. It will be presented by finance minister Nirmala Sitharaman in the Parliament during the Budget Session.

The release will be followed by a press conference held by the Chief Economic Advisor along with other senior officials of the finance minister.

Here’s all you need to know about the pre-Budget survey:


Who formulates the Economic Survey?
The survey is formulated under the supervision of the government’s chief economic advisor (CEA) V Anantha Nageswaram.

When is it released?
The Economic Survey comes a day before the Budget is presented. It will be released on January 31, 2023. Finance Minister Nirmala Sitharaman will be presenting it in the Parliament.

What is included in the survey?
The survey includes the state of India’s economy in the current financial year i.e. 2022-23.

The survey is segmented into two parts: Part A and Part B. The first part usually consists of the major economic developments in the year and a broad review of the economy. Meanwhile, the second part covers specific issues like social security, poverty, education, healthcare, human development, and climate.

Insights like India’s GDP growth outlook, inflation rate and projection, forex reserves, and trade deficits are also included in the survey.

How to access Economic Survey?
The survey can be accessed and downloaded from ‘www.indiabudget.gov.in/economicsurvey‘. It will be available in public domain once it has been presented in the Parliament.

What did last year’s survey include?
Last year’s survey had predicted India’s economy to grow at 8-8.5 per cent in the fiscal beginning April 1, 2022. It also said that India is well placed to meet the future challenges on the back of widespread vaccine coverage, supply-side reforms and easing of regulations.

When was the first Economic Survey released?
India’s first Economic Survey was presented in 1950-51. The document was presented with the Union Budget till 1964. Later, it was separated and presented before the Budget announcement.