RAS question
According to the Rajasthan Economic Review 2024-25, what was Rajasthan's Gross Fixed Capital Formation (GFCF) in the construction sector in 2023-24?
Correct answer: (A) ₹2,05,780 crore.
According to the Rajasthan Economic Review 2024-25, Rajasthan's Gross Fixed Capital Formation in the construction sector was ₹2,05,780 crore in 2023-24.
Explanation
The Rajasthan Economic Review 2024-25 treats Gross Fixed Capital Formation as investment in fixed assets and reports sector-wise provisional GFCF in Table 1.10. In 2023-24, construction accounted for ₹2,05,780 crore, making option A correct. Construction was the largest component among the listed sectors for that year. Rajasthan's total assets at current prices were estimated at ₹4,48,061 crore in 2023-24, and GFCF rose by 11.65 per cent over 2022-23. The ₹2,05,780 crore figure is not a rounded policy outlay; it is the specific sectoral GFCF entry for construction.
Why the other options are wrong
- (B) ₹1,00,000 crore is below the construction-sector entry in Table 1.10, which records ₹2,05,780 crore for 2023-24.
- (C) ₹3,00,000 crore overstates the official construction-sector GFCF figure, which the Economic Review lists as ₹2,05,780 crore.
- (D) ₹50,000 crore is far below the official Table 1.10 value for construction-sector GFCF in 2023-24.
Concept
Rajasthan economy preparation requires careful reading of sector-wise capital formation in the Economic Review. GFCF recurs in RAS because it connects investment, infrastructure and sectoral growth in a single official table.