New Delhi: The Economic Survey, a crucial pre-budget document outlining the economic landscape from the previous fiscal year, is set to be unveiled in Parliament today at 12 PM by Finance Minister Nirmala Sitharaman. This presentation comes just a day before the highly anticipated Union Budget for 2025-26, with the survey scheduled to be tabled in the Lok Sabha at noon and in the Rajya Sabha at 2 PM.
The Economic Survey is meticulously prepared under the guidance of the Chief Economic Advisor and incorporates insights from the Economic Division of the Department of Economic Affairs within the Ministry of Finance. This document not only provides a comprehensive overview of the current economic situation but also forecasts trends for the upcoming fiscal year. Importantly, it serves as an indicator of the potential tone and direction of the Union Budget.
Since its inception in 1950-51, when it was part of the budget documents, the Economic Survey has evolved into a standalone presentation made just before the Union Budget. Traditionally, a Cabinet meeting led by the Prime Minister precedes this presentation, where ministers receive briefings on budgetary matters and seek Cabinet approval.
In addition to today's unveiling of the Economic Survey, President Droupadi Murmu will address a joint session of Parliament, setting the stage for discussions on key economic policies. The Budget Session will continue until April 4, with a break scheduled from February 14 to March 10.
The theme of this year's Economic Survey is particularly noteworthy; last year's focus was on economic resilience. This thematic approach is crucial as it influences policy proposals within the Union Budget. As citizens await announcements that may address pressing concerns such as tax relief, employment enhancement, and inflation control, expectations are high
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