The 2020-2021 economic survey will be conducted in Parliament on January 29, 2021, before the coalition budget is presented on February 1, 2021. An economic survey will be released, focusing on the economic impact of lock-in and COVID -19.
♦ The survey is expected to outline the economic impact of the COVID 19 pandemic. It will also provide a road map to revitalize the Indian economy. It is also expected to develop a road map for a $5 trillion economy.
♦ The Economic Survey is an annual flagship document that reviews the development of the Indian economy.
♦ The survey reviewed the economic development in the past fiscal year and gave a comprehensive introduction to the budget. It is issued by the Ministry of Economic Affairs of the Ministry of Finance.
♦ The survey was prepared by the country’s chief economic adviser and submitted in both houses of parliament one day before the budget submission.
♦ The Chief Economic Advisor (CEA) and his team also discussed the document at the press conference. Currently, Krishnamurthy Subramanian is the CEA of India.
♦ This document helps to review India’s economic development in the past year. In addition to emphasizing the policy measures of the central government, it also summarizes the performance of major development plans.
♦ The economic survey also predicted India’s GDP growth in the next fiscal year and proposed measures to promote growth. By 2020, the “Economic Survey” predicts that the Indian economy will grow by 6% to 6.5%, and put forward new ideas to promote the development of manufacturing. However, due to the Covid-19 outbreak, growth has been disrupted.