The Economic Survey is a crucial document that contributes significantly to the formulation of India's economic policy. Here are some ways in which it fulfills this role:

• It provides a comprehensive analysis of the Indian economy's current state, including identifying areas of strength and weakness.
• It gives an overview of the global economic situation and how it impacts India, helping policymakers to adjust their policies accordingly.
• It provides recommendations for policy actions that can help improve the economy's performance, including measures to boost growth, increase investment, and reduce inflation.
• The Economic Survey is also a platform for presenting new policy ideas and reforms, such as the introduction of the Goods and Services Tax (GST) and Digital India initiatives.
• Furthermore, the survey includes detailed statistics and data, which policymakers can use to track progress and identify areas where further action is needed.

Overall, the Economic Survey plays a crucial role in shaping India's economic policy, providing a detailed analysis of the current situation and offering recommendations for the future.