The Economic Survey is an important annual report from the Ministry of Finance, offering a detailed review of India’s economic performance and future policy directions. It is prepared by the Economic Division under the guidance of the Chief Economic Advisor and serves as a valuable resource for policymakers, businesses, and students.
Key Highlights
- Macroeconomic Overview – The report analyzes key economic indicators like GDP growth, inflation, and fiscal deficit, providing insights into the country’s economic stability and growth trends.
- Sector-wise Analysis – It examines the performance of major sectors such as agriculture, industry, services, and infrastructure, highlighting their role in economic progress.
- Policy Suggestions – The survey recommends economic reforms to address challenges and unlock new opportunities for development.
- Social Development – It assesses critical social factors like employment, poverty, healthcare, and education, which influence overall economic well-being.
- Global Impact – The report discusses international economic trends and how they affect India’s policies and growth strategies.
Why is it Important for UPSC?
- Exam Relevance – About 12-15% of UPSC Economics questions are based on the Economic Survey and Budget.
- Useful for Preparation – It helps in understanding sectoral performance, economic policies, and balanced growth, making it a key resource for competitive exams.
In short, the Economic Survey is a must-read for anyone wanting to understand India’s economic landscape and future direction.
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