Union Minister for Finance has presented the Economic Survey 2021-22 in Parliament<\/span><\/p>\n The Economic Survey is an annual report card of the economy. <\/span>The first Economic Survey was presented in the year 1950-51. From 1964, the practice to release the survey a day before the Union Budget began.<\/span><\/p>\n It is not mandatory for the government to present the survey and the recommendations presented in the survey are not binding on the government.<\/span><\/p>\n It is prepared by the Economics Division of the Department of Economic Affairs of the Finance Ministry under the overall guidance of the Chief Economic Adviser (CEA).<\/span><\/p>\n This year, the survey is being prepared by the Principal Economic Advisor and other officials in absence of the CEA.\u00a0<\/span><\/p>\n The central theme of this year\u2019s Economic Survey is the \u201cAgile approach\u201d.<\/span><\/p>\n Another theme highlighted in the Economic Survey relates to art and science of policy-making under conditions of extreme uncertainty.<\/span><\/p>\n What is \u201cAgile Approach\u201d mentioned in the survey?<\/b><\/p>\n It is a framework for project and policy implementation that is considered highly efficient for getting work done.\u00a0<\/span><\/p>\n It was developed in 2001 and is based on 12 principles which include customer satisfaction, collaboration, adapting to change, feedback loops, breaking project silos,<\/span> real-time monitoring of actual outcomes etc.<\/span><\/p>\n The survey<\/span> adds that this agile framework was behind India\u2019s informed response to the Covid-19 shock.<\/span><\/p>\n The Preface of the survey takes a bird\u2019s eye view of the \u201cgreat deal of evolution\u201d of the Economic Surveys presented since the first Survey in 1950-51.\u00a0<\/span><\/p>\n The survey makes a shift from the two-volume format of recent years to a single volume<\/strong> plus a separate volume for statistical tables.<\/span><\/p>\n Moreover, <\/span>Survey adds a new chapter that demonstrates the use of satellite and geo-spatial images to gauge various economic phenomena such as urbanization, infrastructure, environmental impact, farming practices and so on.<\/span><\/p>\n Source: <\/b>This post is based on the articles:<\/span><\/p>\n \u00a0<\/span>\u201c<\/b>CENTRAL THEME OF ECONOMIC SURVEY 2021-22 IS THE \u201cAGILE APPROACH<\/b>\u201d <\/b>published in <\/span>PIB<\/b> on<\/span> 1st Feb 2022.<\/b><\/p>\n \u201cEconomic Survey 2021-22: India’s agile fiscal policy response\u2019\u2019 <\/b>published in <\/span>Business Standard<\/b> on<\/span> 1st Feb 2022<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" What is the news? Union Minister for Finance has presented the Economic Survey 2021-22 in Parliament About Economic Survey The Economic Survey is an annual report card of the economy. The first Economic Survey was presented in the year 1950-51. From 1964, the practice to release the survey a day before the Union Budget began.… Continue reading CENTRAL THEME OF ECONOMIC SURVEY 2021-22 IS THE \u201cAGILE APPROACH\u201d<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[10503,3590],"class_list":["post-165641","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-business-standard","tag-pib","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704883584},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/165641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=165641"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/165641\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=165641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=165641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=165641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}About Economic Survey<\/b><\/h5>\n
Who prepares the survey?<\/b><\/h5>\n
What is the theme of this year’s Economic Survey?<\/b><\/h5>\n
Other key features of <\/b>this year’s Economic Survey<\/b><\/h5>\n