Economic Survey vs Union Budget | What’s the Real Difference?🔥| Union Budget 2026 | By Somya Ma’am

Описание: Economic Survey vs Union Budget | What’s the Real Difference? 🔥 Union Budget 2026 Explained by Somya Ma’am – Get the full comparison of Economic Survey 2025-26 (tabled Jan 29, 2026) and Union Budget 2026-27 (presented Feb 1, 2026)!
Key Differences:
✅ Economic Survey: Analytical & advisory report (prepared by Chief Economic Adviser V Anantha Nageswaran). Reviews past year performance, provides outlook & policy suggestions. Non-binding, acts as a "report card" for the economy. Purpose: Guide Budget decisions with data & reforms.

2026 Highlights: Real GDP growth projected at 6.8-7.2% for FY27 (potential growth ~7%), low inflation (1.7% avg Apr-Dec 2025), fiscal stability, focus on reforms amid global risks (geopolitics, energy weaponisation).

✅ Union Budget: Legally binding financial statement (under Article 112, presented by Finance Minister Nirmala Sitharaman). Outlines revenue, expenditure, taxes, schemes & allocations for the next fiscal year. Purpose: Government's annual plan for income & spending.
Why Survey Comes First: Provides economic context & projections to shape Budget priorities (Survey on Jan 29, Budget on Feb 1, 2026 – Sunday session).
Perfect for UPSC, SSC CGL, Banking & Economy current affairs prep! Watch till the end for simple explanation, comparison table & exam tips.
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