What are the key components of Economic Survey and how it helps in Civil Services Exam preparation

Explain how economic survey is important for civil services exam and what are the components of an economic survey that an aspirant should keep in mind while preparing?
The Economic Survey is a comprehensive report released annually by the Government of India, which provides an overview of the country's economic performance and policy initiatives. It is an important resource for candidates preparing for the Civil Services Exam. The key components of the Economic Survey that aspirants should keep in mind include: - Macroeconomic Data: The survey presents a detailed analysis of key macroeconomic indicators such as GDP growth rate, inflation, fiscal deficit, and current account deficit. Aspirants should be well-versed with these numbers. - Policy Analysis: The survey provides an analysis of various government policies and their impact on the economy. Understanding the rationale behind these policies can provide valuable insights for aspirants. - Sectoral Analysis: It examines the performance of different sectors like agriculture, industry, and services. Aspirants should focus on understanding the challenges and initiatives in each sector. - Social Sector: The survey also covers social issues such as poverty, education, health, and gender. Being aware of the government's initiatives in these areas is important. - International Relations: It provides an analysis of global economic trends and their impact on India. Aspirants should keep abreast of international economic developments. - Suggestions and Policy Roadmap: The survey offers suggestions for policy reforms and long-term planning. Aspirants should carefully study these recommendations. By studying the Economic Survey, aspirants can gain a comprehensive understanding of the Indian economy, government policies, and challenges. It helps in building a strong foundation for economics and current affairs, which are integral parts of the Civil Services Exam.
Answered a year ago
Amrita Preparing for Civil Services