Economic Survey FY25 to be tabled in Parliament today. What is Economic Survey? Who prepares it?

Nirmala Sitharaman Finance Minister is scheduled to release the Economic Survey 2024-25 on Friday, January 31. This annual document provides a comprehensive review of the country's economy, highlighting its performance, key challenges and prospects. The Economic Survey is presented a day before the Union Budget. While the Economic Survey is for the current financial year, the Union Budget lays the financial plan for the next financial year.

The Economic Survey serves as a precursor, containing valuable context, statistics and forecasts that set the tone of the Union Budget. It is a vital document that provides insights into the country's economic performance, helps shape policy decisions and informs stakeholders about the country's economic prospects.

Here are a few important things to know about the Economic Survey:

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Who prepares the Economic Survey?

The Economic Survey is prepared by a team of economists and statisticians led by the government's Chief Economic Advisor (CEA).

Currently, the country's Chief Economic Advisor is V Anantha Nageswaran.

Hence, the Economic Survey for 2024-25, to be tabled in Parliament on January 31, is prepared by a team led by Nageswaran.

The Chief Economic Advisor plays a crucial role in overseeing the preparation of the Survey.

The CEA ensures the accuracy of the Economic Survey while providing strategic guidance.

Who tables the Economic Survey in Parliament?

The Finance Minister tables the Economic Survey for the current financial year in Parliament.

What does the Economic Survey contain?

The Economic Survey is a vast pre-Budget document containing economic estimates, projections and analyses.

Here are some of the key aspects of the economy covered in the Economic Survey:

• Economic growth and development
• Fiscal policy
• Monetary policy
• Inflation
• Trade and commerce
• Developments and scope of important sectors such as agriculture, manufacturing and infrastructure

Meanwhile, Parliament's Budget Session is all set to begin on Friday, with a joint sitting of both houses.

President Droupadi Murmu will address the joint session, marking the start of Parliament's Budget Session.