<p>Union Finance Minister Niramala Sitharaman is all set to present the Union Budget 2023 on February 1. </p>.<p>The nation waits anxiously to know what measures her ministry would take in order to improve the financial situation of the country.</p>.<p>Let’s have a bird’s eye view of what an Economic Survey means. </p>.<p>An Economic Survey, in simple terms, is a survey that is conducted to review the financial developments of the country in the last fiscal year. </p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/union-budget/budget-2023-what-is-direct-tax-1180301.html" target="_blank">Budget 2023 | What is direct tax? </a></strong></p>.<p>It also plays a great role in analysing different trends in various sectors of the economy like agriculture, industrial production, export, import infrastructure, among other things. </p>.<p>The survey can also have a look at other economic reforms that can have a great influence on the Budget. </p>.<p><strong>Contents </strong></p>.<p>It generally has two parts: </p>.<p>a. Part that talks about the economic challenges that India faces<br />b. Part that deals with the analysis of the previous year</p>.<p><strong>Presentation </strong></p>.<p>The Economic Survey is presented a day before the presentation of the actual Budget. It is prepared under the supervision of the Chief Economic Advisor (CEA). </p>.<p><strong>History</strong></p>.<p>The first Economic Survey was presented in the lower House of the Parliament in 1950-51. It continued to be a part of the Union Budget, but since 1964, it has been de-linked and is being presented much earlier. </p>.<p><strong>Themes </strong></p>.<p>It is interesting to note that Economic Surveys have themes on which they are based. </p>.<p>For example, in the year 2016-17, the theme was ‘Saving Lives and Livelihoods’. </p>.<p>For the year 2017-18, it was ‘Women Empowerment’. </p>.<p>Similarly, the theme for 2021-22 was ‘Agile approach’ signifying the measures taken to counter the Covid-19 pandemic. </p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/union-budget/budget-2023-what-are-supplementary-grants-1180793.html" target="_blank">Budget 2023 | What are supplementary grants? </a></strong></p>.<p>The Economic Survey is an important tool to design a Budget as it provides a full-fledged feedback and also acts as a guide by pointing out the priorities the Finance Ministry has to take in the next financial year. </p>.<p>However, the Economic Survey is non-binding. That means the government may reject all the recommendations made in the survey. </p>
<p>Union Finance Minister Niramala Sitharaman is all set to present the Union Budget 2023 on February 1. </p>.<p>The nation waits anxiously to know what measures her ministry would take in order to improve the financial situation of the country.</p>.<p>Let’s have a bird’s eye view of what an Economic Survey means. </p>.<p>An Economic Survey, in simple terms, is a survey that is conducted to review the financial developments of the country in the last fiscal year. </p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/union-budget/budget-2023-what-is-direct-tax-1180301.html" target="_blank">Budget 2023 | What is direct tax? </a></strong></p>.<p>It also plays a great role in analysing different trends in various sectors of the economy like agriculture, industrial production, export, import infrastructure, among other things. </p>.<p>The survey can also have a look at other economic reforms that can have a great influence on the Budget. </p>.<p><strong>Contents </strong></p>.<p>It generally has two parts: </p>.<p>a. Part that talks about the economic challenges that India faces<br />b. Part that deals with the analysis of the previous year</p>.<p><strong>Presentation </strong></p>.<p>The Economic Survey is presented a day before the presentation of the actual Budget. It is prepared under the supervision of the Chief Economic Advisor (CEA). </p>.<p><strong>History</strong></p>.<p>The first Economic Survey was presented in the lower House of the Parliament in 1950-51. It continued to be a part of the Union Budget, but since 1964, it has been de-linked and is being presented much earlier. </p>.<p><strong>Themes </strong></p>.<p>It is interesting to note that Economic Surveys have themes on which they are based. </p>.<p>For example, in the year 2016-17, the theme was ‘Saving Lives and Livelihoods’. </p>.<p>For the year 2017-18, it was ‘Women Empowerment’. </p>.<p>Similarly, the theme for 2021-22 was ‘Agile approach’ signifying the measures taken to counter the Covid-19 pandemic. </p>.<p><strong>Also Read: <a href="https://www.deccanherald.com/business/union-budget/budget-2023-what-are-supplementary-grants-1180793.html" target="_blank">Budget 2023 | What are supplementary grants? </a></strong></p>.<p>The Economic Survey is an important tool to design a Budget as it provides a full-fledged feedback and also acts as a guide by pointing out the priorities the Finance Ministry has to take in the next financial year. </p>.<p>However, the Economic Survey is non-binding. That means the government may reject all the recommendations made in the survey. </p>