Economic Survey 2025 To Be Presented In Parliament Today By Nirmala Sitharaman
Today, at 12 pm, Finance Minister Nirmala Sitharaman will introduce the Economic Survey 2025-26 in the Lok Sabha, followed by a presentation in the Rajya Sabha at 2 pm. This annual document is a crucial pre-budget analysis, offering a comprehensive review of India’s economic performance over the past year and setting the stage for what we might anticipate in the forthcoming Union Budget 2025-26.
What is the Economic Survey?
The Economic Survey is more than just a report; it’s a detailed analysis prepared by the economic division of the Department of Economic Affairs under the supervision of the Chief Economic Advisor. It examines various sectors like agriculture, industry, and services, alongside economic indicators such as GDP growth, inflation, and employment rates.
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Key Highlights and Expectations
This year’s survey will likely focus on several critical areas:
- Economic Health: A look back at the fiscal year 2024-25, assessing how well the economy has bounced back or managed challenges like inflation and unemployment.
- Future Outlook: The survey will predict how the Indian economy might evolve in the next fiscal year, providing forecasts and policy recommendations.
- Policy Insights: Given that the survey precedes the Union Budget, it often hints at the government’s fiscal strategy. Whether it’s about boosting infrastructure, enhancing social welfare, or managing fiscal deficits, the document lays down the groundwork.
- Thematic Focus: The theme for last year was “economic resilience,” suggesting a focus on how India has managed to navigate through global economic turbulence. This year’s theme could offer new perspectives or continue on resilience.
Historical Context and Significance
Since its inception in 1950-51, the Economic Survey has evolved from being part of the budget documents to standing alone since the 1960s. This separation allows for a more detailed, focused discussion on economic policies and conditions without the immediate pressure of budget announcements.
The Process Before the Survey
Before the survey hits the floor of Parliament, a Cabinet meeting, chaired by the Prime Minister, typically approves the budget’s direction. Additionally, today, President Droupadi Murmu will address both houses of Parliament, setting the legislative tone for the session which will wrap up on April 4, with a break from February 14 to March 10.
Why Should You Care?
For citizens, investors, and policy makers alike, the Economic Survey is a vital tool for understanding where India stands economically and where it’s headed. It’s not just about numbers; it’s about stories of economic resilience, policy impacts, and future planning.
Conclusion
As we await the presentation of the Economic Survey, it’s clear that this document will not only reflect on past achievements and challenges but also set expectations for the Union Budget. Keep an eye out for how this survey could influence policy-making, economic strategies, and overall governance in India for the next fiscal year.
