Interim Budget 2024: What is an Economy Survey? Will it be made public on January 31?
India will not have a full-fledged budget on February 1, 2024. Instead, Finance Minister Nirmala Sitharaman will present an interim budget, also known as a vote-on-account.
FollowThe Economic Survey is a thorough yearly study that provides insights into the future prospects of the Indian economy by assessing its performance during the previous year. The Chief Economic Advisor (CEA) usually presents it before to the Union Budget, giving the government's financial plans a crucial background. However, India will not have a full-fledged budget on February 1, 2024. Instead, Finance Minister Nirmala Sitharaman will present an interim budget, also known as a vote-on-account.
Finance Minister Sitharaman will unveil an interim budget, not the full budget, on February 1, 2024. As a result, on January 31, 2024, there won't be an Economic Survey delivered in India; nonetheless, a substitute report will be made accessible.
India will have elections in 2024. Given the possibility of a change in administration following the elections, presenting the regular Economic Survey—a document that analyses the performance of the previous year and the prospects for the future—could become politicised. This can interfere with the normal Budget process's ability to run smoothly, which usually comes after the survey presentation.
The election-related circumstances may prevent an official Economic Survey this year, but the "Indian Economy - A Review" provides insightful information on the economic prospects and trajectory of the nation. The study, which was written by CEA V Anantha Nageswaran's office, offers predictions for the future of the economy.
