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What is Economic Survey and why is it important?

The Economic Survey of India which is usually presented a day ahead of Union Budget is likely to be released earlier on January 29 this year,

January 27, 2021 / 04:12 PM IST

The Economic Survey of India is a detailed report on the performance or state of the economy during the previous year, future challenges and the way forward. It is typically presented a day before the Union Budget.

The flagship report is prepared by the Economics Division of the Department of Economic Affairs (DEA) under the guidance of the Chief Economic Advisor (CEA). Krishnamurthy Subramanian, who was appointed the CEA in December 2018, will present the Survey this year.

While the Budget and Economic Survey are usually tabled a day apart, this year it might be different. According to a report by Times of India, the Economic Survey 2021 could be tabled on January 29, as the Union Budget to be presented on February 1, falls on a Monday.

What is the Economic Survey?