Economic Survey: Understand in easy language what is Economic Survey, why is it presented before the budget?

 

Economic Survey: Finance Minister Nirmala Sitharaman is going to present the country's general budget on 1 February. Before this, the Economic Survey is presented in the House.

Economic Survey: Finance Minister Nirmala Sitharaman is going to present the country's general budget on 1 February. But before the presentation of the general budget, the Economic Survey is also presented in the Parliament. In such a situation, the question arises that what is this economic survey and why is it presented before the budget. Economic Survey is a very important document to understand the economic condition of the country. Let's know everything about it.

What would have been an economic survey?

Economic survey is like an accounting. For example, take a middle class Indian family. Generally, the middle class family keeps account of each and every item of their house in a register. At the end of the year, the head of the family sees how much was spent and how much was saved. On the basis of that, he prepares for the next year's home expenses. Economic Survey is also similar. In which the framework for preparing the next year's budget is decided on the basis of the accounts of the country's last one year.