India's Budget session today, Nirmala Sitharaman to table Eco Survey, know more
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Union Finance Minister Nirmala Sitharaman will present the Economic Survey 2023-24 at approximately 1 pm on Monday, a day before the Budget 2024-25 presentation. At 2:30 pm, Chief Economic Advisor Dr. V Anantha Nageswaran will provide a detailed analysis of the Indian economy in a press conference.
The Economic Survey, an annual document presented before the national budget, reviews the state of the economy over the past year and provides an outlook for the short-to-medium-term. It is divided into three sections: an overview and the CEA's perspective, sectoral data and figures, and macroeconomic statistics, covering aspects such as national income, production, employment, inflation, and trade.
Key points from the mini Economic Survey tabled in January indicated that India could aspire to become a $7 trillion economy by 2030. CEA Nageswaran noted that if there are no significant disruptions in FY25, it could be the fourth consecutive year of over 7% economic growth post-COVID-19.
The Economic Survey 2023-24 will be presented in the Lok Sabha at 1 pm and in the Rajya Sabha at 2 pm. Prepared by the Economic Division of the Department of Economic Affairs under the Ministry of Finance, and supervised by the Chief Economic Adviser, the survey provides insights into the state of the economy and other key indicators, offering an outlook for the current year. The document is divided into two parts: the first covers economic developments and challenges, while the second focuses on the past financial year.
The upcoming budget aims to energize the economy with targeted interventions in job creation, rural development, MSMEs, and technology.
On Union Finance Minister Nirmala Sitharaman to table the Economic Survey Report 2023-2024, Priyanka Chaturvedi says, "The Economic Survey is clear in front of the nation. The central government has failed to control issues of corruption, unemployment, inflation, etc... It has failed in supporting businesses and MSMEs and preventing banking frauds. The country has seen the X-ray of this economic survey earlier, which is why the people did not give the complete majority to the central government..."