A day after Union Minister Suresh Prabhu presented Rail Budget, Finance Minister Arun Jaitley will table his second Economic Survey on February 26, 2016 in Parliament, which will be presented by chief economic advisor Arvind Subramanian.
Last year some changes were made to the document. The annual document prepared by advisers to the finance minister was revamped last year by bringing it out to two volumes.
The first is a commentary on the economy by Arvind Subramanian and the second contains chapters with detailed facts and analyses of various sectors.
The economic survey is prepared by the Chief Economic Advisor and will come days after the International Monetary Fund hinted at another downward revision of the world growth forecast for 2016.
The IMF warned that the world economy is “highly vulnerable” and called for new mechanisms to protect the most vulnerable countries.
Economic Survey highlights:
Presents govt's view on annual economic situation and offers an overview of all aspects including economic outlook, policy challenges and prospects. Plus it also sheds light on the investment climate, stalled projects, debt overhang and other factors that have been acting as deterrents to growth.
It is also expected to underscore potential ways and means of reviving public investment.
The CEA will also outline a projected economic growth for the next fiscal but will also touch up on social aspects like prices, concerns related to sectors like agriculture, climate change and sustainable development.