15 months post-noteban, Economic Survey 2018 to be tabled in Parliament today
New Delhi: With the Budget session of the Parliament beginning from Monday, all eyes are set on the release of the Economic Survey of India 2018 which will be tabled in both the houses of Parliament (Rajya Sabha and Lok Sabha) by Finance Minister Arun Jaitley.
The Economic Survey is the precursor to the budget 2018-19 which will be tabled on Thursday 2018-19.
A flagship annual document of the Finance Ministry, Economic Survey reviews the developments of economy in the past 12 months. The survey also summarises the performance on major development programmes, while also highlighting the policy initiatives of the government.
The Economic Survey will be released around 15 months after demonetisation and is expected to entail an analytical review of its costs and benefits. Meanwhile, the Budget 2018-19 is the first Budget in the post-GST (Goods and Services Tax) era and the last full budget from Jaitley before the general election in 2019.
The Central Statistics Office's (CSO's) first advance estimates, released earlier in January, projected that India is likely to grow at 6.5 per cent in 2017-18, slower than the previous year's 7.1 per cent expansion, but a rebound in household spending and corporate investments held out hopes of rapid recovery.
The Finance Ministry's Chief Economic Adviser, Arvind Surbramanian, started a web page wherein he has shared some details on the Survey, including the fact that he will address a press conference at 1:30 pm that will also be shared on YouTube at the same time.
