Union Budget 2023: What is Economic Survey? When and where to watch it Live
Union Budget 2023: The Union Budget session 2023 is all set to begin from January 31. The Budget will be presented on Tuesday. However, a day before the presentation of the Union Budget ie January 31, the Economic Survey is tabled for parliamentarians, and later presented before the public.
As per process, Union Finance Minister Nirmala Sitharaman will be tabling the document in Parliament. Later, Chief Economic Advisor (CEA) V Anantha Nageswaran will unveil the document to the public. The Economic Survey gives projections for economic growth for Financial Year 2022 and 23.
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What is Economic Survey?
The Economic Survey document is divided into Volume I, Volume II, and statistical appendix. it reviews economic and financial trends in the country nation in the past year. It has a detailed presentation on all sectors, besides analysing trends in agricultural and industrial production, infrastructure, employment, inflation rate, trade, foreign exchange reserves, and other economic areas.
It helps the government allocate resources more efficiently in the Union Budget. It also comes to the aide of policymakers while identifying the main challenges to the nation’s GDP growth.
In a nut shell, the Economic Survey will be giving us better understanding of the Budget that is to be presented on February 1. The Economic Survey is prepared by the Economics Division of the Ministry of Finance's Department of Economic Affairs (DEA), and under the guidance of the CEA.
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Where to watch Economic Survey?
Almost all news channels will be providing live coverage of the document presentation. However, one can also watch it live on YouTube channels of the Press Information Bureau (PIB), Doordarshan and Sansad TV. Facebook and Twitter handles of the finance ministry also provide live coverage.
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