Economic Survey 2023, what is it? Significance and History!

V Ananth Nageswaran, Chief Economic Advisor, to present the Economic Survey 2023 January 31, 2023, It is released every year just a day before the presentation of the Union Budget, on which you will get detailed information about the economic performance of the country in the previous financial year.

economic survey 2023

Budget session is going to start from today i.e. 21 January 2023 which will end on 23 February 2023, Finance Minister of India Nirmala Sitharaman will present the budget economic survey 2023 Right after the President’s address to Parliament today, after which it will be publicly released by the Chief Economic Adviser of India.

By reading the Economic Survey you can get the comprehensive economic data and all the information related to the economic progress of the country in the last year 2022-23. The Economic Survey 2023 has been prepared by the Economic Division of the Department of Economic Affairs, Government of India. financeIndian government.

What is Economic Survey?

The Economic Survey is a document that is released every year a day before the presentation of the budget. This document provides detailed information about the financial position of India in the previous financial year. This document contains the details of last year’s inflation, unemployment, stock exchange, agriculture, industrial production etc.

The information available on the Economic Survey helps in formulating strategies for better economic performance in the coming financial year, this means that the Union Budget 2023-24 has been prepared with the help of the Economic Survey 2023, so that more and more citizens can take a look at it. Get the benefits and the economic growth of the country remains better in the financial year 2023-23.

economic survey importance

By reading the financial report, policy makers will be able to calculate what are the challenges to India’s economic growth, Economic Survey released in the form of Part A and Part B in the last few years, besides information related to inflation rates and projections , foreign exchange reserves and trade deficit were also available. It is expected that like every year the Economic Survey will be released this year as well.

Economic Survey 2023 Part A will give details about major economic development along with board review of economic development in financial year 2022-23, and by reading part B you will get information about social security, poverty, education, various government schemes in last financial year and Healthcare, Human Development, Climate etc. with details about their performance.

Economic Survey History

The Economic Survey was first presented to the Parliament along with the budget for the 1950–51 financial year. Union Budget and Economic Survey were separated in 1964, since then every year it is released a day before the presentation of the Budget.

Since independence many political parties have come to power in India and all of them have accepted that with the help of Economic Survey they find it easier to prepare the Union Budget for the next financial year and with the help of Economic Survey even the police makers understand. Can What changes do they need to make in their policies now so that more and more people can be benefited, thereby uplifting India.

Where and where to watch Economic Survey 2023?

Budget 2023-24 session is going to start today i.e. 31st January 2023, Economic Survey will be released publicly on official website after Finance Minister Nirmala Sitharaman presented in Parliament, you can watch Economic Survey on Parliament TV’s youtube channel Can watch live streaming of 2023. Let us tell you that the Economic Survey of the last financial year i.e. 2022-23 will be released in the form of PDF on https://www.indiabudget.gov.in/ Economicssurvey/, which you will be able to download and read.