RAS question
What percentage of India's GDP does Rajasthan's GSDP contribute at current prices in 2024-25?
Correct answer: (D) 5.26%.
Rajasthan's GSDP is estimated to contribute 5.26 per cent to India's GDP at current prices in 2024-25.
Explanation
Rajasthan's 2024-25 GSDP share is 5.26 per cent when both Rajasthan's GSDP and India's GDP are compared at current prices. The Economic Review states that Rajasthan's GSDP at current prices is expected to reach Rs 17.04 lakh crore in 2024-25, while India's nominal GDP at current prices is projected at Rs 324.11 lakh crore. That current-price comparison gives Rajasthan a 5.26 per cent contribution to national GDP. At constant (2011-12) prices, Rajasthan's contribution is 4.90 per cent, because constant-price estimates remove the effect of inflation and are used for real growth comparison rather than current-price share calculation.
Why the other options are wrong
- (A) 6.10 per cent overstates Rajasthan's current-price share; the Rajasthan Economic Review gives 5.26 per cent for 2024-25.
- (B) 4.90 per cent is the constant-price contribution, while the current-price contribution is 5.26 per cent.
- (C) 3.50 per cent understates the share because the official current-price estimate is 5.26 per cent.
Concept
This tests the difference between current-price and constant-price state income estimates. RAS economy questions often use this distinction because a single Economic Review table can contain both nominal contribution and real-growth figures.