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Economic Survey 2023: Before presenting the budget for the financial year 2023-24, Finance Minister Nirmala Sitharaman is going to present the Economic Survey i.e. Economic Survey 2023 in the Parliament today i.e. on January 31, 2023. In the Economic Survey presented before the budget, the government presents the economic picture of the country. According to the report published in Reuters, in the Pre-Budget Economic Survey, India’s GDP may remain the lowest in three years. According to the report, it is likely to be 6 to 6.8 percent in the financial year 2023-24.
According to the government’s survey, the country’s GDP is likely to be around 6.5 percent. In such a situation, if this figure is correct, then it is estimated that GDP will be the lowest in the last three years. Apart from this, the nominal growth in the country is expected to be 11 percent.
India’s condition will be better than other countries
In the financial year 2023-24, India’s condition is likely to be much better than the rest of the world. According to the report, it has also been told in this survey that with the growth in the private sector, spending more money by banks and increasing demand in the market, growth in the country’s GDP can be registered.
What is Economic Survey?
Let us tell you that the tradition of presenting the Economic Survey in the Parliament is going on just a day before the budget. The budget session of Parliament will start with the President’s address on Tuesday, January 31. After this, Finance Minister Nirmala Sitharaman will present the Economic Survey ie Economic Survey on the floor of Parliament. In this, the government presents the economic picture of the country. Along with this, what the government has done for the country’s economy in the current financial year and how the country’s growth is likely to be ahead, it will be done in front of the whole country. It is an annual document presented by the Ministry of Finance, in which there is an account of the country’s economic development. Through this survey, the government assesses in which sector the country has benefited and where it has suffered.
Who prepares the Economic Survey?
Let us tell you that the Economic Survey of the country is prepared by the Economics Division of the Ministry of Finance. It is prepared under the supervision of the Chief Advisor. After the report is prepared, it is presented to the Finance Minister and after that she presents it in the table of both the Houses of the Parliament. The Finance Minister prepares the budget on the basis of this economic survey. The suggestions of the Chief Economic Advisor are also included in this. The Chief Economic Advisor of the country is Ananth Nageswaran.
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