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Economic Survey, 2017-2018
January 30 , 2018
2361 days
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- Economic Survey of India (2017-2018) was tabled in the Parliament by Finance Minister Arun Jaitley.
- According to the survey, the economy is expected to grow at a four-year low of 6.5% in the current fiscal as against 7.1% in the last fiscal.
- The slow growth rate is mainly due to the poor performance of agriculture and manufacturing sector.
- Economic Survey is a reviews of developments in the Indian economy over the previous 12 months (2016 April -2017 March).
- It also summarizes the performance on major development programs, and highlights the policyinitiatives of the government and the prospects of the economy in the short to medium term.
- The Department of Economic Affairs under Finance Ministry of India presents the Economic Survey in the parliament every year, just before the Union Budget.
- The document is presented to both houses of Parliament during the Budget Session.
- It is prepared under the guidance of the Chief Economic Adviser, Finance Ministry.
- The Chief Economic Adviser (CEA) is the economic advisor to the Government of India. The CEA is the ex-officio cadre controlling authority of the Indian Economic Service. The CEA is under the direct charge of the Minister of Finance.
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