What Is An Economic Survey?
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Each year, a day before the Union Budget, the government presents an Economic Survey in parliament
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The Economic Survey is a report card on the economy and presents the growth outlook for the current year
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The Economic Survey document, while giving insights into the state of the economy, also points to various indicators of the year gone by
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The report is prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance and formulated under the supervision of the Chief Economic Adviser
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Ahead of the Budget, the survey gives a detailed account of the policy challenges before the government
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The Economic Survey provides statistical information and analysis on various sectors of the economy as well as data on employment, GDP growth, inflation, and the budget deficit
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The economic survey reportedly came into existence in 1950-51, when it was a part of the Budget documents
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In the 1960s, it was separated from the Budget documents and presented the day before
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