Finance minister Nirmala Sitharaman will present the Economic Survey of FY 2024-25 on Friday on Friday. This economic survey describes the challenges faced by the country with an assessment of the performance of the economy in the current financial year. The Economic Survey presented in Parliament before the Union Budget also provides a blueprint for reforms and development. The survey has been prepared by the team led by Chief Economic Advisor V Anant Nageswaran. It describes the outline of development in the economy and various sectors, besides providing direction for the next financial year.
What will be special in the Economic Survey
The Economic Survey is expected to get detailed information and assessment on major issues like slow GDP growth, falling rupee against dollar and weak demand. The survey is often suggested in the survey regarding poverty eradication, climate change, education, development of infrastructure and challenges related to financial sector. The Finance Minister will present the second budget of the third term of the Narendra Modi government on Saturday. The budget session has started on Friday with President Draupadi Murmu addressing a joint meeting of Lok Sabha and Rajya Sabha. The first part of this budget session will end on 13 February and the second part will start on March 10 and end on April 4.
What is the importance of economic survey?
Economic survey shows the economic condition of the country. It also guides the policy makers in a way. The economic situation of the country is analyzed in the Economic Survey in the past years. This document also reviews problems and challenges related to economy. The Economic Survey explained in detail about important data like GDP growth, inflation, financial deficit and employment.
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