The Economic Survey, which was presented to Parliament on 3rd July, two days before the Union Budget, is produced every year by the central Ministry of Finance. This year’s document is more ambitious and pretentious than usual. This being the first year of a re-elected BJP government with an even bigger majority than before, the Economic Survey attempts to lay out a blueprint for allegedly creating a “golden New India”.
The Economic Survey 2019 sets the goal of annual GDP reaching US$ 5 trillion (Rs. 350 lakh crore) by 2024-25, and India becoming the third largest economy of the world, next only to China and the United States, from being the seventh largest at the present time.