RAS question
What is the total GSVA at current prices for 2024-25?
Correct answer: (A) ₹15.70 lakh crore.
Rajasthan's total nominal GSVA at basic current prices for 2024-25 is estimated at Rs 15.70 lakh crore.
Explanation
Rajasthan's Economic Review 2025-26 gives the nominal Gross State Value Added (GSVA) at basic current prices for 2024-25 as Rs 15.70 lakh crore. This is the GSVA figure asked in the question, not the broader GSDP figure. The same review places the previous year's GSVA at Rs 14.17 lakh crore for 2023-24, so option C is a past-year value. It also separately states Rajasthan's 2024-25 GSDP at current prices as Rs 17.04 lakh crore, which explains why option D is close but belongs to a different aggregate. Therefore, the only option matching the 2024-25 GSVA at current prices is Rs 15.70 lakh crore.
Why the other options are wrong
- (B) Rs 12.00 lakh crore is below the Economic Review's stated 2024-25 GSVA figure of Rs 15.70 lakh crore.
- (C) Rs 14.17 lakh crore is the Economic Review's GSVA figure for 2023-24, not for 2024-25.
- (D) Rs 17.04 lakh crore is the 2024-25 GSDP at current prices, whereas the question asks for GSVA.
Concept
This tests Rajasthan state income accounting, especially the distinction between GSVA and GSDP at current prices. RAS repeatedly uses these headline Economic Review aggregates because they anchor questions on sectoral contribution, nominal growth and state economy size.