The Budget Session 2021 is beginning on Friday. At the commencement of the session, President Ramnath Kovind will address the Lok Sabha and the Rajya Sabha together. This year Economic Survey Report 2021 will also be presented on the first day of the session. Nirmala Sitharaman will present the budget on 1 February. Usually, one day before the budget, this report is presented by the Chief Economic Advisor.
In the Economic Survey report 2021, it is told that what was the state of the country's economy last year, as well as the challenges facing it in the present and future. This report is prepared by the Department of Economic Affairs, DEA. Krishnamurthy Subramaniam is currently the Chief Economic Advisor of the country and he will present the survey report this year. KV Subramaniam was appointed in December 2018.
Finance Minister approves
Economic survey report is prepared first, later it is approved by the Finance Minister. This report is very important because the government officially presents the right information about the country's economy to the country. This year this report is very important because the year 2020 became the name of Corona, due to which the economy has suffered a lot. The government's current estimate is that the country's economy will register at least 7.7 percent in the current financial year.
You will know what is the challenge of economy
KV Subramaniam has said on several occasions that there will be a V shape recovery in the country's economy and it will grow in double digit in the next financial year (2021-22). Through this report, the government also explains what are the challenges facing the economy, what plan has been prepared to deal with it and on the basis of the reasons, it is believed that the government's plan will help boost the economy.
The strength of all the peelers of the economy is known.
The Economic Survey report also gives information about the trend of money supply, apart from the current state of the economy on the issue of agriculture, industrial production, infrastructure, employment, export, import, foreign exchange. Apart from this, information related to the economy and important information are also included in this report card.