• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Explained: What to expect from Economic Survey 2020?

|

New Delhi, Jan 31: A day before the Union budget, Finance Minister Nirmala Sitharaman will table the Economic Survey in both houses of Parliament on January 31.

Prepared by Chief Economic Advisor Krishnamurthy Subramanian and his team, the Economic Survey will review the economic situation in the country in the current financial year.

Explained: What to expect from Economic Survey 2020?

It may also dwell on issues like rising unemployment, opportunities for India in the wake of the global trade war and ease of doing business.

Explained: Who are the people working behind the scenes with Sitharaman for Budget 2020

This year's economic survey will be keenly watched as it comes at a time the economy is starting at an estimated 5 per cent annual rate of expansion - the slowest pace since 2009-09 - amid thousands of job cuts due to weakness across sectors.

What is Economic Survey?

A flagship document of the finance ministry, the Economic Survey is a review of the developments in the Indian economy over the previous 12 months.

The survey serves as a policy guideline for the Union Budget. However, its recommendations are not binding on the government.

The survey prepared by Chief Economic Adviser Krishnamurthy Subramanian is likely to flag headwinds that the economy might face in its pursuit to become the world's fifth-largest economy.

It is also likely to detail reforms road map needed to fulfil Modi's goal of more than doubling the size of the economy to USD 5 trillion by 2024.

What to expect from Economic Survey 2020?

With the Indian economy in the doldrums, the Economic Survey ahead of the Union Budget is expected to offer key insights into the path ahead for the government to revive growth.

The survey provides insights on the government's plans, delineates policy challenges faced by the government and makes necessary suggestions.

    Budget Session 2020: Finance Minister Nirmala Sitharaman tables the Economic Survey | Oneindia News

    It is expected to shed light on the crucial gaps that the Budget will aim to fill in terms of unemployment, private investment, and a slump in consumption.

    Explained: What is the 'halwa’ ceremony ahead of Budget 2020

    The survey is crucial with GDP growth hitting rate a more than six-year low of 4.5 per cent in the September quarter and consumer inflation soaring to 7.35 per cent in December - the worst level recorded since July 2014.

    The economic survey is expected to project India's growth of 6 per cent to 6.5 per cent in the next year starting April 1, boosted by a series of fiscal measures.

    For Daily Alerts
    Get Instant News Updates
    Enable
    x
    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more