Question

Why economic survey 2018-2019 not a 2019-20 like budget?

Answer 1

Answer:

Explanation:

For ease of understanding, I would like to state that Budget is a forward-looking document while Economic Survey is a backwards-looking document.

Yes, this may be an over-simplification. However, try to understand this key difference.

Indian Budget deals with receipts and expenditure estimated for the next financial year. That’s why the latest budget is titled Budget 2019-20 – considering that the financial year extends from April 1st 2019 to March 31st 2020.

On the contrary, Economic Survey mostly focuses on the performance of Indian Economy during the current financial year – that is 2018-19. It will contain a lot of statistics and data regarding the Indian Economy from April 1st 2018 to March 31st 2019.

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