On July 22, 2024, Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-2024 in the Lok Sabha. This significant presentation comes amidst Prime Minister Narendra Modi’s call for a unified and progressive approach in parliamentary discussions. The Economic Survey provides an overview of the country’s economic status and key indicators, setting the stage for the forthcoming Union Budget.
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- Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-2024 in the Lok Sabha.
- Prime Minister Narendra Modi urged all parliamentarians to participate in discussions and avoid negativity.
- Modi emphasized the need for a progressive ideology to drive development and elevate the country.
- He called for MPs to prioritize national interests over party lines and focus on the empowerment of farmers, youth, and the country.
- Modi highlighted that this is the third time the current government is presenting the inaugural budget after 60 years, marking a moment of pride.
- The Economic Survey, prepared by the Economic Division of the Department of Economic Affairs, provides insights into the economy’s state and indicators for 2023-24.
- The Survey may offer indications about the tone and content of the Union Budget for 2024-25.
- The Economic Survey, first introduced in 1950-51, was separated from Budget documents in the 1960s and is now presented the day before the Union Budget.
- Last year’s theme was ‘Recovery Complete’, focusing on the economy’s rebound from previous challenges, including the pandemic and geopolitical conflicts.
- This will be Sitharaman’s seventh budget speech, surpassing the record set by former Prime Minister Morarji Desai, who presented six budgets between 1959 and 1964.
