In which year was the first economic survey presented as part of the Union Budget?

Correct option is C

The correct answer is (C) 1950-51

The first Economic Survey of India was presented as part of the Union Budget in 1950-51. At that time, it was included in the budget documents to provide an overview of the economy, including key trends, challenges, and policy recommendations.

Initially, the Economic Survey was presented along with the Union Budget.

From 1964 onwards, the Economic Survey was delinked from the budget and started being presented one day before the Union Budget.

The Economic Survey is now a crucial document, offering insights into the performance of various sectors of the economy and setting the tone for the forthcoming budget.

Information Booster:

• The first budget of India was presented on February 18, 1860, by James Wilson, a Scottish economist and the first Finance Member of the Indian Council under the British government.
• First Union Budget of Independent India
• The first budget of independent India was presented on November 26, 1947, by R. K. Shanmukham Chetty, the first Finance Minister of India. This budget covered a period of 7 months from August 15, 1947, to March 31, 1948.