RAS question
What is the growth rate of Industry sector at constant prices in 2024-25?
Correct answer: (A) 5.77%.
Rajasthan's industry sector grew by 5.77 per cent at constant (2011-12) prices in 2024-25.
Explanation
At constant (2011-12) prices, Rajasthan's industry sector recorded 5.77 per cent growth in 2024-25 over 2023-24. The Economic Review defines the industry sector as mining and quarrying, manufacturing, electricity, gas, water supply and other utility services, and construction. This matters because constant-price growth removes the effect of price changes and measures the real increase in output. Rajasthan Economic Review 2024-25 places industry GVA at constant prices at Rs 2.33 lakh crore in 2024-25, up from Rs 1.36 lakh crore in 2011-12. So 5.77 per cent is the sector-wide industry growth rate, while the other figures in the options belong either to component sectors or to overall GSDP.
Why the other options are wrong
- (B) 3.59 per cent is the growth rate for mining and quarrying, which is only one component of the industry sector, not the sector-wide industry figure.
- (C) 8.60 per cent is the growth rate for construction, another component within industry, not the combined industry sector growth rate.
- (D) 7.82 per cent refers to Rajasthan's overall GSDP growth at constant prices in 2024-25, not to the industry sector alone.
Concept
The key concept is Rajasthan macroeconomic aggregates, especially how sectoral GVA growth at constant prices differs from component-sector figures and overall GSDP growth. RAS repeats this because Economic Review tables often place similar percentages close together, making careful classification essential.