Finance Minister Nirmala Sitharaman all set to present the pre-budget document in Parliament today, a day ahead of the Budget presentation on July 23. The Economic Survey 2023-24 will be presented in Lok Sabha at 1pm and in Rajya Sabha at 2pm.
Notably, the Economic Survey is prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance. It is formulated under the supervision of the chief economic adviser.
The Economic Survey provide insights into the state of the economy and many other indicators. The document also offers some outlook for the present year. The Economic Survey document comprises of two parts the first part includes the country’s economic developments and challenges and offers an overall review on the economy while the second part is focused on the past financial year.
The mini economic survey tabled this year said that India become a $7 trillion economy by 2030. The Indian economy will grow at over 7 %, it said.
The findings and recommendations of the Economic Survey are significant inputs for the Union Budget. The Economic Survey helps in shaping the government’s fiscal policies and spending priorities for the upcoming financial year.
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