Economic Survey – As a Document


Ajit Kumar AJIT KUMARWISDOM IAS, New Delhi.


Economic Survey is an annual commentary on the state of the economy of India. The economic survey is an important government document that for us projects the prospects of the Indian economy in the coming year and beyond. The Finance Minister presents this report in parliament shortly  before the annual budget every year. The survey also lists an account of the economic progress made in achieving the targets that were set out in the previous year’s union budget.



Economic Survey provides an opportunity to the government of India to spell out its economic agenda. The government also represents its issues and priorities in this document. It is a flagship annual document of the Ministry of Finance, reviews the developments in the economy over the previous 12 months, which summarises the performance of major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term.

The survey reflects the general health of the national economy as it records key economic figures and indicators. With the document taking stock of how the governments previous year’s budget projections have fared out, the survey also forewarns us about the policy changes the government is expected to make in the coming days. Based on the survey findings regarding performance of major development programs and the policies set out, the government draws up a plan for the new financial year. Being the finance ministry’s viewpoint about the year’s economic development, the economic survey has a bearing on the markets and investors sentiments.

The government’s viewpoint about the current and emerging economic conditions as presented in the Economic Survey are given due considerations by the markets and investors.

Coverage under Survey

Backed by detailed statistical data, the survey provides an overview of state of the economy, the challenges before it, the performances of various sectors such as markets, agriculture, industry, energy, trade and others, and also records the nations human development indices. The report even presents a view of the Indian economy vis a vis the global economy.

Where a Union budget sets up the economic agenda of the country for the next financial year, an economic survey is an analysis of the past one. Major economic indicators like gross domestic product (GDP), national economies growth rate, fiscal deficit, inflation trends, taxation, industrial growth, agricultural growth, per capita income, poverty, unemployment, foreign exchange stability, reserves, balance of payments, trade and others are presented in this survey.

Based on the important statistical data thrown up for the last financial year, various factors that did impact the Indian economy are analysed and projections about the emerging economic conditions for the new fiscal are presented in this report.


A flagship annual document of the Ministry of Finance, Government of India,Economic Survey 2015–16 reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session.

With detailed statistical data covering all aspects of the economy—macro as well as sectoral—the report provides an overview of the following issues:




  • Economic Outlook, Prospects, and Policy Challenges


  • Fiscal Framework


  • 'Wiping Every Tear From Every Eye' : The JAM Number Trinity Solution


  • The Investment Climate: Stalled Projects, Debt Overhang and The Equity Puzzle


  • Credit, Structure and Double Financial Repression: A Diagnosis of the Banking Sector


  • Putting Public Investment on Track: The Rail Route to Higher Growth


  • What to Make in India? Manufacturing or Services?


  • A National Market for Agricultural Commodities - Some Issues and Way Forward


  • From Carbon Subsidy to Carbon Tax: India’s Green Actions


  • The Fourteenth Finance Commission (FFC) - Implications for Fiscal Federalism in India?


  • State of the economy and Public Finance


  • Monetary management and financial intermediation


  • External sector and Service sector


  • Prices, agriculture and food management


  • Industrial, corporate and infrastructure performance


  • Climate change and sustainabke development


  • Social infrastructure, employment and human development





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Saturday, 27th Feb 2016, 07:46:52 AM

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