Economic Survey 2024 Live Updates: Union Finance Minister Nirmala Sitharaman will present the country’s Economic Survey (Economic Survey 2023-24) today i.e. on Monday 22 July. The monsoon session of Parliament is also starting from today. The Economic Survey is presented every year on 31 January, a day before the budget of the Central Government. But this year due to the Lok Sabha elections, the interim budget was presented on 1 February instead of the full budget. Therefore, the Economic Survey was not presented then. That is, the country’s Economic Survey is being presented for the first time today in 2024. The Economic Survey is seen as an important and major report on the latest state of the country’s economy just before the budget. It is also considered to be an indication of the trend of the upcoming budget to some extent.
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July 22, 2024 10:36 IST
Economic Survey 2024 Live: Economic Survey started coming in two volumes from the financial year 2010-11
During the financial year 2010-11 to 2021-22, the Economic Survey was presented in two volumes. The second volume presented the views and analysis of the Chief Economic Advisor on the country’s economy. This volume also mentioned the major issues and challenges facing the economy.
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July 22, 2024 10:33 IST
Economic Survey 2024 Live: When was the country’s first economic survey presented?
The country’s first economic survey was presented for the financial year 1950-51. Till 1964, it was presented along with the budget of the central government. For a long time, it consisted of a single volume, which had separate chapters for every important sector of the economy.
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July 22, 2024 10:30 IST
Economic Survey 2024 Live: What is the meaning of Economic Survey?
As its name suggests, the Economic Survey presents a blueprint of the country’s economy during the financial year ending with the help of data. It is prepared by the Department of Economic Affairs under the Finance Ministry of the Central Government. The entire work of preparing the Economic Survey is done under the guidance of the Chief Economic Adviser (CEA). Once it is prepared, the Finance Minister approves it and then releases it.
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