Finance Ministry Issues 'Indian Economy – A Review' Report Instead of Economic Survey
In 2024, India will not have the usual Economic Survey traditionally presented before the Union Budget. Instead, Finance Minister Nirmala Sitharaman will present an interim budget, known as a vote-on-account, on February 1. The reason for not presenting the Economic Survey this year is the election context. 2024 is an election year in India, and presenting the Economic Survey could lead to politicization due to the potential change in government after the elections. This could disrupt the regular Budget process.
However, the Ministry of Finance has released an alternative report titled “Indian Economy – A Review,” prepared by the office of Chief Economic Advisor (CEA) V Anantha Nageswaran. This report does not replace the official Economic Survey but provides valuable insights into the Indian economy’s trajectory and prospects over the past decade and its future outlook. It’s important to note that the official Economic Survey is expected to be presented after the general elections and the formation of the new government. The Review consists of two chapters and takes stock of the state of the Indian economy and its journey in the last 10 years and offers a brief sketch of the outlook for the economy in the coming years.
Mushrooms are a popular and nutritious food source globally, cultivated in various countries due to…
Durba Banerjee made history as India's first female pilot of Indian airlines, paving the way…
The Indian National Congress (INC) was formed in 1885 to create a platform for political…
The Rajasthan State Cabinet, led by Chief Minister Bhajan Lal Sharma, has approved a significant…
The British government has announced plans to erect a national memorial for Queen Elizabeth II…
In celebration of the birth anniversary of Hockey Legend Major Dhyan Chand and in alignment…