What is the GSVA of Rajasthan at current prices for 2024-25?
Correct answer: (D) ₹15.70 lakh crore.
Rajasthan's GSVA at current prices for 2024-25 is ₹15.70 lakh crore.
Explanation
Rajasthan's Economic Review 2024-25 gives the nominal Gross State Value Added (GSVA) at basic current prices for 2024-25 as ₹15.70 lakh crore. This is the current-price GSVA figure, not the broader GSDP figure and not the constant-price GSVA figure. The Review places it against ₹14.17 lakh crore in 2023-24, which means the 2024-25 level shows 10.83% growth over the previous year. GSVA is used here because it gives the value added by broad sectors of the state's economy, so the question is testing the exact current-price GSVA estimate rather than a general output or real-growth number.
Why the other options are wrong
- (A) ₹14.17 lakh crore is the GSVA at current prices for 2023-24, so it is the previous year's base figure, not the 2024-25 estimate.
- (B) ₹17.04 lakh crore is Rajasthan's GSDP at current prices for 2024-25, while the question asks for GSVA.
- (C) ₹8.22 lakh crore is GSVA at constant (2011-12) basic prices for 2024-25, not GSVA at current prices.
Concept
This tests Rajasthan economy estimates, especially the distinction between GSDP, GSVA, current prices and constant prices. RAS repeats this area because Economic Review tables are a core source for state-economy factual questions.