The Economic Survey is made available on the order of Finance Ministry of the Government of India each year.
This is the record takes in treasured data arranged on the economic developments of the one year in India, the presentation of the major developmental programmes and the strategy ingenuities of the government.
The Finance Minister put forward this document to the superior and subordinate houses of Parliament at the point in the Budget Session.
The Economic Survey is a weighty document which holds back enormous volumes of data. Candidates are frequently perplexed about by what method to go through this book.
This article leads you on in what way to look through the Economic Survey for the IAS exam.
Structure of the Survey
- Volume 1 comprises future calculations and emphasis on precise subjects.
- Volume 2 studies the economic environments in the earlier 12 months. It has method grounded in the sector. It too comprises predictions aimed at the average and short-term.
It paves the way for the Union Budget. Therefore, it is predictable to come in the last part of the January. Likewise, it must be taken notice of the Economic Survey 2016-17 the first volume was introduced in the planned way. Though, the additional volume did not give notice until the conclusion of the 2016-17 financial year and all data had been accumulated and carefully studied.
The following table shows the example of contents of the Economic Survey 2016-17:
|Volume 1||Volume 2|
|Economic Outlook and Policy Challenges||State of the Economy: An Analytical overview|
|The Economic Vision for Precocious, Cleavaged India||Fiscal Developments|
|Demonetization: To Deify or Demonize?||Monetary Management and Financial Intermediation|
|The Festering Twin Balance Sheet Problem||Prices & Inflation|
|Fiscal Framework: The World is Changing, Should India Change Too?||Climate Change, Sustainable Development, and Energy|
|Fiscal Rules: Lessons from the States||External Sector|
|Clothes and Shoes: Can India Reclaim Low Skill Manufacturing?||Agriculture and Food Management|
|Review of Economic Developments||Industry and Infrastructure|
|Universal Basic Income: A Conversation With and Within the Mahatma||Services Sector|
|Income, Health, and Fertility: Convergence Puzzles||Social Infrastructure, Employment, and Human Development|
|One Economic India: For Goods and in the Eyes of the Constitution|
|India on the Move and Churning: New Evidence|
|The ‘Other Indias’: Two Analytical Narratives (Redistributive and Natural
Resources) on States’ Development
|From Competitive Federalism to Competitive Sub-Federalism: Cities as Dynamos|
Which chapters should you focus specifically on?
Students need to look at the whole survey. Though, there is a number of chapters that are relatively critical for the preparation and are suggested to be reviewed. In favor of Volume 2, Chapter 1,5,7,8 and 9. For Volume 1, it is advised that you do not leave out any because the subject is extremely valuable across other papers in addition to governance (General Studies 2), gender issues (General Studies 1) and even Essay.
How to read the Economic Survey if basic economics is weak?
It is not directed that you give a ride to the survey until you are assured with the elementary economic terms. Dredge up, that the survey is a methodological document. It habitually comprises descriptions that need a detailed knowledge of microeconomics and macroeconomics. Consequently, first revise the concepts of economics before you move to the survey.