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India's Economic Roadmap: Budget 2026-27 Prep Begins
6 Dec
Summary
- Finance Minister to present Budget 2026-27 on February 1, 2026.
- Economic Survey details India's economy over the previous year.
- First Economic Survey was presented in 1950-51.
The upcoming Union Budget for the fiscal year 2026-27 is scheduled for presentation on February 1, 2026, by Finance Minister Nirmala Sitharaman. Ahead of this significant financial announcement, the Ministry of Finance will publish the annual Economic Survey. This comprehensive report serves to outline the state of India's economy during the preceding financial year, providing a crucial backdrop for the budget deliberations.
The Economic Survey is a detailed annual publication prepared by the Department of Economic Affairs. It offers a thorough review of the country's economic landscape, encompassing major developments and trends observed over the past year. The survey typically consists of two parts, with Part A focusing on broader economic progress and Part B addressing specific sectors such as education, healthcare, poverty, and environmental concerns.
Historically, the first Economic Survey was presented in 1950-51 and was initially released alongside the Union Budget. However, since 1964, the survey has been presented as a separate document, preceding the Union Budget. This practice ensures that lawmakers and the public have access to an in-depth economic analysis before the budget is formally introduced.
