Importance of Economic Survey for UPSC Exams
Economic Survey is an annual exercise done by the finance
ministry and prepared by the chief economic adviser. It comes one day before the
general budget is announced in the parliament. Since this document is prepared
by the government and its various agents, therefore, its importance is paramount
for any government examination and especially civil services.
Here we are outlining, why to read economic survey?
- Every year 8-10 questions directly come from economic survey. The
exactness is so striking that even word by word matching is present.
- For the Mains GS-3, current part of the syllabus related to economic and
to some extent social developments can be prepared from the survey.
- It contains very important and relevant data which can be directly
quoted in the GS papers, essay and even in some humanities optional.
- It provides a big picture of the various sectors, segments, regions and
their contribution to the GDP.
- It helps in understanding the macro parameters of the economies and get
a government point of view upon conflicting issues.
- It also discusses challenges to the economy in the short term and the
long term. Moreover, it provides some suggestions which must be noted and
prepared well for the possible similar issue based mains question.
Introduction
