Budget Session 2018: Arun Jaitley to present Economic Survey in Parliament today

Finance Ministry's Chief Economic Adviser shared details about the survey in an official web blog. Photograph:( WION )

WION Web Team Delhi, India Jan 29, 2018, 04.11 AM (IST)

The Economic Survey of 2018 will be released by Union Finance Minister Arun Jaitley today.

The event will precede the presentation of this year's Budget on February 1. 

Finance Ministry's Chief Economic Adviser, Arvind Subramanian, shared details about the survey in an official web blog yesterday. 

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The Economic Survey is the Finance Ministry's yearly document that reviews the economic development of the country in the past year. 

Subramanian noted that India is likely to grow at 6.5 per cent in 2017-18, slower than the previous year's 7.1 per cent expansion according to the official estimates released by the Central Statistics Office's (CSO's) earlier this month. 

A rebound in household spending and corporate investments is also expected. 

The Economic Survey will also review the pros and cons of the Modi government's demonetization move carried out in November 2016.

GST implementation will also be closely looked at.

The survey will also provide statistics on areas like economic growth, employment rate, among others.

The highlights of the survey will be shared by Mr Subramanian at a press conference at 1:30 pm today.

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Congress MP Shashi Tharoor recently shared his views on this year's budget presentation and called it the BJP's last. 

"It's their last budget, naturally they would leave a political message. Our economy isn't in good shape. They'll have to do something for farmers, there's agricultural stagnation. If they want votes, they'll have to do something about jobs they promised 4 years ago," he told media at an event. 

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