RAS question
What is the share of Rajasthan's GSDP in India's GDP at current prices for 2024-25?
Correct answer: (A) 5.26%.
Rajasthan's GSDP is estimated to contribute 5.26 per cent to India's GDP at current prices in 2024-25.
Explanation
The 2024-25 Economic Review places Rajasthan's GSDP at current prices at Rs 17.04 lakh crore, up from Rs 15.22 lakh crore in 2023-24, based on advance estimates. India's nominal GDP at current prices for 2024-25 is projected at Rs 324.11 lakh crore. On that current-price comparison, Rajasthan's GSDP is estimated to contribute 5.26 per cent to the nation's GDP. At current prices, the share is nominal rather than inflation-adjusted at constant prices. That is why 5.26 per cent is the relevant current-price figure.
Why the other options are wrong
- (B) 4.50 per cent is not Rajasthan's GSDP share in India's GDP at current prices in 2024-25.
- (C) 6.00 per cent overstates the current-price share, which the Economic Review gives as 5.26 per cent.
- (D) 4.90 per cent is the constant-price share, while the current-price share is 5.26 per cent.
Concept
State Domestic Product uses both current-price and constant-price estimates. RAS repeatedly uses such figures because they link Rajasthan's economy with all-India GDP comparisons and budget documents.