What is Economic Survey and how it helps in Civil Services Exam

Explain the significance of economic survey in the preparation of Civil Services Exam
The Economic Survey is an annual report published by the Ministry of Finance, Government of India before the presentation of the Union Budget. It is a comprehensive document that reviews the country's economic performance in the past year and analyzes the current economic situation. The survey also provides an outlook for the future and suggests policy measures to address any issues or challenges. The significance of the Economic Survey in the preparation of Civil Services Exam cannot be overstated. Here are some key points to understand the importance of the Economic Survey:
  • Helps in understanding the economic policies and measures implemented by the government to address economic challenges and stimulate growth.
  • Provides insights into the current state of the economy, and the development and welfare schemes being implemented by the government.
  • Helps in better understanding and analyzing the Indian economy and its linkages with global economic factors.
  • Assists aspirants in developing a comprehensive understanding of the economic issues and challenges faced by the country, and in formulating effective policy solutions.
  • Helps in writing essay-type questions in the exam.
Thus, the Economic Survey is a valuable resource for aspirants preparing for the civil services exam, especially for the economics optional paper, General Studies Paper-III, and for the essay paper.
Answered a year ago
Amrita Preparing for Civil Services