The Economic Survey 2023 will be presented on Tuesday, which will typically set the context for the Union Budget to be tabled by FM Nirmala Sitharaman in Parliament on January 31. This will be the first day of the Budget session of the Parliament.
The session will begin at 11:00 on January 31 with President Droupadi Murmu's address to both houses. FM Sitharaman is expected to table the Economic Survey 2023 after that.
After the address, the economic survey will be tabled that will describe the state of the Indian economy in FY2022-23. It will also project the road ahead in terms of GDP growth, inflation, and other key economic indicators. The Economic Survey is prepared by the Department of Economic Affairs under the guidance of the Chief Economic Advisor (CEA). This year the Economic Survey has been developed under the guidance of the CEA V Anantha Nageswaran.
Nageswaran will hold a press conference later to share the broader findings and recommendations documented in the Economic Survey.
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Where to watch?
The economic survey will be live-streamed on the government’s official channels. Additionally, Sansad TV, PIB India will also live stream the release.
Facebook link of Ministry of Finance
facebook.com/finmin.goi
Live updates on Twitter
twitter.com/FinMinIndia
ABP Live will be covering the Economic Survey 2023 live to provide you with comprehensive updates about the economy document. You can also watch the live streaming of the Economic Survey 2023 being tabled and the Chief Economic Advisor's press conference on ABP Channel.
Once CEA V Anantha Nageswaran presents the findings, the documents of Economic Survey 2023 can be downloaded from the government’s official Budget website.
http://www.indiabudget.gov.in/economicsurvey/.
What’s Economic Survey?
Known as the flagship publication of the finance ministry, the document is prepared by the Economic Division of the Department of Economic Affairs (DEA) under the guidance of the CEA. After the document is prepared, the Survey has to get approval from the finance minister.
The Economic Survey tracks the state of the economy in the past year. The document showcases the key challenges expected and the way out. The document is divided into several chapters giving detailed information on the prospects of key sectors including the domestic and external state of the Indian economy. The Economic Survey also has a theme every year. Last year, the theme was "agile approach".
The survey released last year by the then Principal Economic Advisor Sanjeev Sanyal moved it from a two-volume format to a single volume. He said the earlier two-volume format was way too “unwieldy.” Last year's the Survey predicted economic growth of 9.2 per cent in real terms in 2021-22, while GDP growth was pegged at 8-8.5 per cent for 2022-23.