Economic Survey to be presented today; What to expect ahead of Union Budget 2025-26?

New Delhi: The Economic Survey, a crucial pre-budget document that outlines the economic landscape from the previous fiscal year, is set to be presented in Parliament today at 12 PM by Finance Minister Nirmala Sitharaman. This presentation occurs just one day before the highly anticipated Union Budget for 2025-26.

Significance of the Economic Survey

The Economic Survey serves as a comprehensive report on the economy, prepared under the guidance of the Chief Economic Advisor. It encapsulates insights from the Economic Division of the Department of Economic Affairs within the Ministry of Finance. This document not only assesses the current economic conditions but also forecasts trends for the upcoming fiscal year, offering a glimpse into the potential direction of the Union Budget.

Presentation Schedule

The survey will be introduced in the Lok Sabha at 12 PM and subsequently in the Rajya Sabha at 2 PM. This marks the commencement of the Budget Session of Parliament, which will conclude on April 4. Notably, there will be an inter-session break from February 14 to March 10.

Themes and Historical Context

The theme of this year's Economic Survey is particularly noteworthy. In 2024, it focused on economic resilience, setting a precedent for policy proposals in the Union Budget. The first Economic Survey was introduced in 1950-51 and has evolved over time, becoming an independent document presented prior to the Union Budget since the 1960s.

Cabinet Meeting and Presidential Address

Traditionally, before presenting the budget, a Cabinet meeting led by the Prime Minister is convened to brief ministers and secure Cabinet approval. Additionally, President Droupadi Murmu will address a joint session of Parliament today ahead of the Union Budget presentation.Today's presentation of the Economic Survey is a pivotal moment that lays the groundwork for understanding government fiscal strategies and priorities in the forthcoming Union Budget.