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The first economic review was introduced in 1950-51. At that time it was part of the budget document. It was separated from the Union Budget in the 1960s and began to be presented a day before the budget.
Finance Minister Nirmala Sitharaman on Friday introduced the economic review of FY 2024-25 in the Lok Sabha. The review describes the challenges before the country with an assessment of the performance of the economy in the current financial year.
Economic Review is an annual document that the government introduces to review the status of the economy before the Union Budget. It also provides a blueprint for reforms and development.
It describes the outline of development in the economy and various sectors, besides providing an approach for the next financial year. Economic Review prepares the Economic Cell of the Department of Economic Affairs in the Finance Ministry under the supervision of the Chief Economic Advisor.
The first economic review was introduced in 1950-51. At that time it was part of the budget document. It was separated from the Union Budget in the 1960s and began to be presented a day before the budget. Finance Minister Sitharaman will present the Union Budget of 2025-26 on Saturday.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from the feed of PTI-language.
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