Finance minister Nirmala Sitharaman will present the Economic Survey 2020-21 in Parliament on Friday, January 29, at the start of the Budget Session.The Budget will be presented by the Finance Minister on February 1. As per tradition, the Economic Survey comes a day before the Budget but has been re-scheduled this year as the Budget is on Monday.
The Economic Survey is expected to dwell on the progress made by the Indian economy in the previous year and also present forecasts on the year ahead, in light of the fact that pandemic-triggered lockdown during March battered the economy in the year 2020.
The Economic Survey is authored by Chief Economic Adviser (CEA) Krishnamurthy Subramanian, along with his team of financial experts. The Chief Economic Adviser KV Subramanian is expected to address a press conference after presentation of the Economic Survey.
The survey shall further analyse the trends in agricultural and industrial production, infrastructure, employment, prices, exports, imports, foreign exchange reserves, money supply and other factors that has an impact on the Indian economy and the budget.
The first part of the session will continue till February 15. The second part of the session will be held from March 8 to April 8.
The unique part about this year's economic survey is that it will be paperless, just like the Budget.
The practice of presenting the Economic Survey dates back to 1950-51. Initially, the Finance Ministry used to present the Economic Survey along with the Budget. But post-1964, the ministry began to release the survey on the preceding day.