RAS question
What is the GSDP growth rate of Rajasthan at current prices for 2024-25?
Correct answer: (A) 12.02%.
Rajasthan's GSDP growth rate at current prices for 2024-25 is 12.02 per cent.
Explanation
Rajasthan's Economic Review 2024-25 gives the 2024-25 GSDP growth rate at current prices as 12.02 per cent. The same section says the State's GSDP at current prices is expected to rise from Rs 15.22 lakh crore in 2023-24 to Rs 17.04 lakh crore in 2024-25, based on advance estimates. That is the nominal, current-price measure, so it includes the effect of price changes. The review separately reports constant-price GSDP growth at 7.82 per cent; that figure is used for real growth after removing inflation effects. The question asks specifically for the current-price growth rate, so 12.02 per cent is the required answer.
Why the other options are wrong
- (B) 7.82 per cent is the 2024-25 GSDP growth rate at constant (2011-12) prices, not at current prices.
- (C) 9.7 per cent is the All India GDP growth rate at current prices for 2024-25, while the question asks for Rajasthan's GSDP.
- (D) 15 per cent is not the figure reported in the Economic Review; the current-price GSDP growth rate for Rajasthan is 12.02 per cent.
Concept
This tests the State Domestic Product part of Rajasthan economy, especially the distinction between current-price and constant-price growth. RAS repeats this area because GSDP, GDP comparison and per capita income are core indicators used to read the State's economic performance.