With a projection of 9 percent growth in the gross domestic products, the Economic Survey this year is likely to reflect more intensified effort at bridging the gap between the estimates and the actual growth rate for the economy.
The Economic Survey, tabled in Parliament a day before the Union Budget to offer the state of the economy and suggest policy prescriptions, is authored by a team led by the Chief Economic Advisor (CEA). It often misses out on the GDP forecast, sometimes by a significant margin.
Finance Minister Nirmala Sitharaman will present the Economic Survey for 2021-22 in the Lok Sabha today soon after the President's Address to both Houses of Parliament. She will present the Union Budget for the next financial year 2022-23, tomorrow.
The last Economic Survey was presented in the midst of the COVID-19 pandemic. As the country recovers from the pandemic blues, the Economic Survey this year is likely to reflect the optimism in the minds of people. Various high-frequency indicators like GST collections and corporate profitability also point at significant upward movement.