Economic Survey Can Be Presented In One Segment, GDP Estimates Can Be Near About 9 Percent


Economic Survey: The Finance Ministry can release the Economic Survey for the financial year 2021-22 in one section and in this, a GDP growth rate of about nine percent can be estimated for the next financial year. The Economic Survey will be presented on January 31, the day the budget session will begin in Parliament. The budget of the country will be presented in Parliament on 1 February.

This time the Principal Economic Advisor and other officers are preparing the economic survey.
In the absence of the Chief Economic Advisor, the Principal Economic Advisor and other officials are preparing the review to be presented by the Finance Minister in Parliament before the General Budget. Traditionally this document is prepared under the leadership of CEA.

Government has started preparations to appoint CEA
The post of CEA was vacant at that time after the appointment of Raghuram Rajan as the Governor of Reserve Bank of India. Later Arvind Subramaniam was appointed CEA in October 2014. KV Subramaniam completed his three-year term as CEA on December 6 last year. The government has already started the process of appointing the CEA.

The situation was different in July 2014 as well.
In July 2014, the first economic review of the Narendra Modi government was prepared by Senior Economic Adviser Ila Patnaik and presented in Parliament by the then Finance Minister Arun Jaitley.

GDP expected to grow at the rate of 9.2 percent – NSO
According to the estimates of the National Statistical Office (NSO), the economy is expected to grow at 9.2 per cent during the current financial year. The Reserve Bank has projected a growth rate of 9.5 percent. Referring to the base effect, economic experts said that for the next financial year, the Economic Survey can project a growth rate (GDP) of about nine percent.

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