Q. Consider the following statements regarding the Economic Survey of India:
1.It is prepared by the Chief Economic Adviser (CEA) and presented by the Ministry of Finance.
2.The document provides a comprehensive review of the Indian economy’s performance during the preceding financial year.
3.Its recommendations are mandatory for the government to implement.
Which of the statement(s) given above is/are correct?
Explanations –
Statements 1 and 2 are correct. The Economic Survey is prepared under the guidance of the Chief Economic Adviser (CEA) and presented by the Ministry of Finance. The Economic Division of the Department of Economic Affairs, Ministry of Finance, is responsible for preparing the survey under the supervision of the CEA. The Economic Survey provides a comprehensive review of the Indian economy’s performance over the past financial year. It analyzes various economic indicators, identifies challenges, and offers insights into the state of the economy.
Statement 3 is incorrect. The recommendations made in the Economic Survey are not mandatory for the government to implement. The survey serves as an important policy document that provides context and analysis for the upcoming budget, but its recommendations are not binding on the government.
Source: DD News
