Today, on February 29, a financial survey prepared under the guidance of chief financial advisors will be presented. The economic survey is usually presented one day before the budget. But this time, two days before the budget, the Economic Survey of the Financial Year 2020-21 (Economic Survey) will be presented in Parliament today. The Economic Survey will be prepared under the guidance of Chief Financial Advisor Krishnamurti Subramanian.

On February 1, 2021, Finance Minister Nirmala Sitharaman will present the third budget of the Modi government. This budget is historic in view of the fact that the economy is moving towards negative growth due to corona, because this time it is paperless. The government will present the budget for the coming financial year, but the Economic Survey is an accounting for the current fiscal year. Let us understand the importance of the economic survey and how it relates to the budget …

What is an economic survey

The Economic Survey is the official annual report of the economy. This document was presented in the House of Representatives during the budget session. In it, all the information about the future plans and the challenges of the economy is given. The survey assessed the economic development of the country. The country’s economy is likely to grow or slow in the coming financial year, according to an economic survey. Although the government is not legally bound to comply with these recommendations, budget announcements are made by the government on a survey basis.

CEA Dr. Ub Subramanian Cr The Finance Minister in Parliament will address a press conference at 2:30 pm in New Delhi on 29 January 2021 following the presentation of the Economic Survey 2020-21.

Watch it live here👇
Ou YouTube – https://t.co/9T01Ouigfnit Sitharamanoff N Anurag_ Office @ PIB_India

– Ministry of Finance (in FinMinindia) January 28, 2021

What are the prospects from the Economic Survey 2021?

Corona has hit the country’s economy deeply. The survey can estimate how much the Indian economy has suffered from the Kovid-19-induced recession. The survey considers current economic conditions and offers solutions that will help the country achieve its tr 5 trillion target. People believe that the budget is made on the basis of the economic survey, but in fact the economic survey is the main basis of the budget. This included the opinion of the Prime Minister’s Chief Economic Adviser. It is not necessary that the economic survey be in the budget.