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NEW DELHI: Starting as a lower than 50-page doc within the Nineteen Fifties, the Financial Survey has advanced over time, working into a whole bunch of pages offering an in depth evaluation of the economic system and prescribing coverage measures to take care of challenges.
The newest survey ready by a workforce led by Principal Financial Adviser Sanjeev Sanyal is a single quantity with a separate set of statistical tables as towards two quantity codecs seen within the earlier years.
The survey was first revealed in 1950-51 and was initially a part of the price range paperwork. The doc was lower than 50 pages within the Nineteen Fifties and contained a short define of financial developments of the earlier 12 months.
For instance, the survey of 1957-58 had simply 38 pages. It was primarily descriptive and contained little in the best way of research and coverage prescriptions, stated the doc tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday.
“The Financial Survey has gone via quite a lot of evolution over the a long time,” it stated.
From 1958-59, the size of the survey began growing with the introduction of extra charts and tables. A Hindi translation additionally appears to have been initiated round this time. The ambition of the doc elevated considerably within the sixties.
The survey of 1962-63 was divided into two components the place the primary half targeted on broader financial developments whereas the second half gave a fundamental evaluation of various sectors.
“The next 12 months, the Financial Survey was separated from the price range and was offered a day earlier as a stand-alone doc. This was the primary survey that noticed the introduction of a statistical appendix. The sixties additionally noticed a number of experiments with the format,” the survey stated.
In some years, the sections had been achieved with themes similar to Recession and Measures of Revival, Management of inflation, and Meals Scarcity. In different years, it was achieved with sectoral sections similar to Business, Agriculture and Costs.
By 1970, the size of the Financial Survey had already crossed 150 pages with an in depth checklist of tables. The format was additional refined within the seventies and eighties with sections being remodeled into chapters.
“That is the part that developed the format that’s broadly recognisable at present. The Eighties noticed a constant rise within the size of the doc with the introduction of latest chapters. By 1990, the size of the Financial Survey had reached near 250 pages, together with the statistical appendix,” it added.
The Indian economic system went via a serious disaster and subsequent reforms in 1991, and the Financial Survey of 1991-92 was eagerly awaited.
This was the primary survey that was introduced out in two volumes though the primary quantity was a brief booklet of 27 pages that highlighted the macroeconomic issues going through the nation whereas the second quantity reviewed the varied sectors intimately.
In subsequent years, the survey reverted to 1 quantity with a couple of modifications within the variety of chapters. The start of the twenty first century noticed one other transformation of the Financial Survey with introduction of higher graphics and brighter colors.
The size of the survey, in the meantime, crossed 380 pages by the early 2000s.
In 2011-12, the doc was 485 pages unfold over 13 chapters and the statistical appendix. In 2013-14, the statistical appendix was separated out and revealed as a separate quantity.
Within the following 12 months, the survey was offered as two volumes: Quantity 1 had various chapters addressing topical coverage issues whereas Quantity 2 carried the standard Financial Survey together with the statistical appendix.
This format was continued until final 12 months with the size of the doc steadily going up.
Furthermore, an try was made within the final three surveys to make sure that the Quantity 1 chapters adhered to a broad theme somewhat than showing as stand-alone papers. The Financial Survey 2020-21 consisted of 335 pages in Quantity 1, 368 pages in Quantity 2 and a statistical appendix of 174 pages – a complete of 877 pages.
“The 2 quantity format did permit house for bringing in new concepts and themes however, at virtually 900 pages, it was additionally changing into unwieldy. It was additionally felt that the thematic chapters of Quantity 1 weren’t adequately linked to the sectoral chapters of Quantity 2.
“Due to this fact, this 12 months’s survey reverts to a single quantity plus a separate quantity for the Statistical Appendix,” Sanyal stated within the preface to the survey.
Together with the sectoral chapters, a brand new chapter has been added that demonstrates the usage of satellite tv for pc and geo-spatial photographs to gauge varied financial phenomenon – urbanisation, infrastructure, environmental affect, farming practices and so forth.
The concept of getting a separate quantity for the statistical appendix is to provide it a definite id because the one-stop supply of genuine knowledge.
“It’s hoped that it’s going to evolve within the subsequent few years to incorporate new sorts of socio-economic knowledge in keeping with the emphasis on a suggestions loop method,” he added.
The newest survey ready by a workforce led by Principal Financial Adviser Sanjeev Sanyal is a single quantity with a separate set of statistical tables as towards two quantity codecs seen within the earlier years.
The survey was first revealed in 1950-51 and was initially a part of the price range paperwork. The doc was lower than 50 pages within the Nineteen Fifties and contained a short define of financial developments of the earlier 12 months.
For instance, the survey of 1957-58 had simply 38 pages. It was primarily descriptive and contained little in the best way of research and coverage prescriptions, stated the doc tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday.
“The Financial Survey has gone via quite a lot of evolution over the a long time,” it stated.
From 1958-59, the size of the survey began growing with the introduction of extra charts and tables. A Hindi translation additionally appears to have been initiated round this time. The ambition of the doc elevated considerably within the sixties.
The survey of 1962-63 was divided into two components the place the primary half targeted on broader financial developments whereas the second half gave a fundamental evaluation of various sectors.
“The next 12 months, the Financial Survey was separated from the price range and was offered a day earlier as a stand-alone doc. This was the primary survey that noticed the introduction of a statistical appendix. The sixties additionally noticed a number of experiments with the format,” the survey stated.
In some years, the sections had been achieved with themes similar to Recession and Measures of Revival, Management of inflation, and Meals Scarcity. In different years, it was achieved with sectoral sections similar to Business, Agriculture and Costs.
By 1970, the size of the Financial Survey had already crossed 150 pages with an in depth checklist of tables. The format was additional refined within the seventies and eighties with sections being remodeled into chapters.
“That is the part that developed the format that’s broadly recognisable at present. The Eighties noticed a constant rise within the size of the doc with the introduction of latest chapters. By 1990, the size of the Financial Survey had reached near 250 pages, together with the statistical appendix,” it added.
The Indian economic system went via a serious disaster and subsequent reforms in 1991, and the Financial Survey of 1991-92 was eagerly awaited.
This was the primary survey that was introduced out in two volumes though the primary quantity was a brief booklet of 27 pages that highlighted the macroeconomic issues going through the nation whereas the second quantity reviewed the varied sectors intimately.
In subsequent years, the survey reverted to 1 quantity with a couple of modifications within the variety of chapters. The start of the twenty first century noticed one other transformation of the Financial Survey with introduction of higher graphics and brighter colors.
The size of the survey, in the meantime, crossed 380 pages by the early 2000s.
In 2011-12, the doc was 485 pages unfold over 13 chapters and the statistical appendix. In 2013-14, the statistical appendix was separated out and revealed as a separate quantity.
Within the following 12 months, the survey was offered as two volumes: Quantity 1 had various chapters addressing topical coverage issues whereas Quantity 2 carried the standard Financial Survey together with the statistical appendix.
This format was continued until final 12 months with the size of the doc steadily going up.
Furthermore, an try was made within the final three surveys to make sure that the Quantity 1 chapters adhered to a broad theme somewhat than showing as stand-alone papers. The Financial Survey 2020-21 consisted of 335 pages in Quantity 1, 368 pages in Quantity 2 and a statistical appendix of 174 pages – a complete of 877 pages.
“The 2 quantity format did permit house for bringing in new concepts and themes however, at virtually 900 pages, it was additionally changing into unwieldy. It was additionally felt that the thematic chapters of Quantity 1 weren’t adequately linked to the sectoral chapters of Quantity 2.
“Due to this fact, this 12 months’s survey reverts to a single quantity plus a separate quantity for the Statistical Appendix,” Sanyal stated within the preface to the survey.
Together with the sectoral chapters, a brand new chapter has been added that demonstrates the usage of satellite tv for pc and geo-spatial photographs to gauge varied financial phenomenon – urbanisation, infrastructure, environmental affect, farming practices and so forth.
The concept of getting a separate quantity for the statistical appendix is to provide it a definite id because the one-stop supply of genuine knowledge.
“It’s hoped that it’s going to evolve within the subsequent few years to incorporate new sorts of socio-economic knowledge in keeping with the emphasis on a suggestions loop method,” he added.
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