The Economic Survey will be presented to Parliament by Finance Minister Nirmala Sitharaman on Monday, July 22, a day before the Union Budget is presented for the seventh time, a record.
On Monday, July 22, 2024, the Indian Economic Survey will be presented to the Houses of Parliament. On July 23, 2024, the Union Territory of Jammu and Kashmir’s 2024 budget will also be presented. Six items of legislative business and three items of financial business have been tentatively identified for this session’s consideration.
Top 10 Points Of Economic Survey
1) The Economic Survey of the Ministry of Finance’s Department of Economic Affairs is in charge of preparing the Economic Survey.
2) The report is planned under the oversight of the boss monetary counselor. More details: 2024’s Railway Budget: When is it? What’s in store?
3). When it used to be a part of the budget documents, the first economic survey was created in 1950-51.
4). During the 1960s, it was isolated from the Spending plan reports and introduced a day prior to the Spending plan.
5). The “Agile Approach” section of the Economic Survey for 2022 focused on India’s economic response to the Covid-19 pandemic. More details: Are you unsure where to invest? If Nirmala Sitharaman focuses on these themes in Budget 2024, the stock market may like it.
6). The Economic Survey answers all of your questions about the economy and various indicators for the years 2023–2024 (April–March). Additionally, it provides some outlook for the upcoming year.
7). In 2023, the theme was “Recovery Complete,” as the economy was recovering amid the Russia-Ukraine war and attempting to return to pre-Covid times.
8). After winning a third term in the Lok Sabha in this year’s elections, the government led by Prime Minister Narendra Modi will make its first significant policy announcement in the Budget.
9). The Reserve Bank of India (RBI) increased its GDP forecast for the current year 2024–25 from 7% to 7.2% at its most recent monetary policy meeting.
India’s growth forecasts for 2024 were also raised by the International Monetary Fund (IMF) from 6.8% earlier to 7%.
