The Economic Survey 2019-20 was released by Chief Economic Adviser Krishnamurthy V Subramanian on January 31, 2020. The Economic Survey is a lengthy document in two volumes covering the overall economic growth made in the previous fiscal year and also set the path for the Union Budget for the upcoming year.<\/p>\n\n\n\n
Economic Survey 2019-2020 report is a very important document to be studied for major competitive exams, especially RBI Grade B , NABARD Grade A, NABARD Grade B, SEBI Grade A and other Banking exams. NABARD Grade A, RBI Assistant exams are not very far, therefore having through knowledge of important aspects from this document is very essential for all upcoming competitive exams.<\/p>\n\n\n\n
Economic Survey of India is the flagship annual document of the Ministry of Finance, Government of India, presenting the Ministry’s view on the state of the nation’s economy, in the Parliament every year, one day before the Union Budget. It is prepared under the guidance of the Chief Economic Adviser of India and reviews the developments in the Indian economy over the past financial year, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term.<\/p>\n\n\n\n
1. These documents will make the picture of the\nentire economy clear to you. Most of your ESI\nconcept based questions are done if you understand the Economic Survey well.<\/p>\n\n\n\n
2. There are chapters like State of the Economy, Fiscal Development, Balance of Payment, Monetary\nManagement, Financial Intermediation (Banking and NBFC) and Inflation which are\nvery important from exam point of view.<\/p>\n\n\n\n
3. Volume 1 consists of analysis, observations and\nrecommendations about Indian Economy. Also,\nunderstanding of these topics will help you in essay writing in the Descriptive\nexam and in the interview. <\/p>\n\n\n\n
1. Don\u2019t\u2019 mug up the data\nand numbers. <\/strong>Most of the data in the survey is\nnot the latest. Say for example the survey mentions\nthe RBI decreased Repo Rate by 110 basis points (page 1 Vol 2) while the total\nrate cut is 135 basis points. By the time you appear in the exam the data\non economic growth, repo rate, foreign\nexchange, FDI, FPI, NPA etc changes. Therefore this document is more to\nunderstand about the important things in Indian Economy.<\/p>\n\n\n\n 2. Don\u2019t read\neverything <\/strong>– There are chapters like State of the Economy, Fiscal Development, Balance of Payment, Monetary\nManagement, Financial Intermediation (Banking and NBFC) and Inflation which are\nmost important. In these chapters as well, pay attention only to the details\nwhich are more significant for the national economy.\nThere is a lot of microdata and analysis, so you have to be selective in your\nstudy. <\/p>\n\n\n\n 3. Don\u2019t depend on just\nchapter summary <\/strong>\u2013 This is the mistake many of you will tend to\ndo. Chapter summary will not make you understand the affairs of the\nIndian economy. Understanding the interconnectedness\nof the factors like inflation, money supply, exchange rates, foreign\ninvestments, consumer demand and product supply on their impact on growth is\nthe outcome of studying the Economic Survey.<\/p>\n\n\n\n This Summary of Economic Survey PDF is to be studied with the following video explanation of the concepts and answer explanations:<\/strong><\/p>\n\n\n\nDownload the most comprehensive and exam relevant summary of Economic Survey of India (2019-20) (VOLUME 1)<\/strong>
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