RAS question
What is the estimated GSDP of Rajasthan at current prices for 2024-25?
Correct answer: (D) ₹17.04 lakh crore.
Rajasthan's GSDP at current prices for 2024-25 is estimated at ₹17.04 lakh crore.
Explanation
The 2024-25 figure is ₹17.04 lakh crore because Rajasthan's GSDP at current prices differs from constant-price values and older-year values. The Government of Rajasthan's Economic Review says the state's GSDP at current prices is expected to reach ₹17.04 lakh crore in 2024-25, compared with ₹15.22 lakh crore in 2023-24, based on advance estimates. That movement also explains why ₹15.22 lakh crore is a tempting but outdated figure: it belongs to the previous year. The current-price, 2024-25 estimate must not be mixed with earlier-year or lower benchmark figures.
Why the other options are wrong
- (A) ₹19.50 lakh crore is too high for Rajasthan's 2024-25 current-price GSDP, as the cited Economic Review places the estimate at ₹17.04 lakh crore.
- (B) ₹15.22 lakh crore is the 2023-24 current-price GSDP figure, so it is one year behind the 2024-25 estimate.
- (C) ₹12.00 lakh crore is an older, much lower benchmark and does not match the 2024-25 current-price estimate of ₹17.04 lakh crore.
Concept
State income accounting in Rajasthan's economy depends on the distinction between year-specific GSDP estimates at current prices. RAS repeatedly uses these figures because budget and Economic Review data anchor questions on growth, fiscal indicators and sectoral performance.