The Economic Survey for financial year (FY) 2013-14 will be presented by Union Finance Minister P Chidambaram on Wednesday as part of the tradition. A day before tabling the Union Budget, the Economic Survey is presented in the Parliament.
Economic Survey is an indicator of what is likely to be contained in the General Budget proposals.
According to media reports, the survey is likely to suggest measures to stop declining GDP growth, currently estimated to be at a decade-low five percent in fiscal 2012-13.
Prepared by a team of economists led by Chief Economic Advisor Raghuram Rajan, the Economic Survey may pitch for speeding up economic reforms to activate a sluggish economy.
Ways to enhance industrial production and exports is likely to dominate the survey.
On the taxation front, the survey could pitch for early implementation of the Goods and Services Tax (GST) and the Direct Taxes Code (DTC), with a view to expanding tax base and raising tax-GDP ratio.
The issues like surge in gold import and widening Current Account Deficit (CAD) too are likely to figure prominently.
--With ANI Inputs--
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