RAS question
What was the private sector share in Rajasthan's GFCF in 2023-24?
Correct answer: (C) 78.27%.
The private sector accounted for 78.27% of Rajasthan's Gross Fixed Capital Formation in 2023-24.
Explanation
Rajasthan's Economic Review defines Gross Fixed Capital Formation as the value of fixed assets acquired by producers, net of disposals, with certain additions to non-produced assets realised through productive activity. For 2023-24, the review estimates total assets at current prices at Rs 4,48,061 crore, equal to 29.45% of GSDP, and says GFCF rose by 11.65% over 2022-23. Within that GFCF, the private sector contributed 78.27%, while the public sector contributed 21.73%. Since the question asks for the private sector share, 78.27% is the precise figure; the public-sector figure helps cross-check the sector split.
Why the other options are wrong
- (A) 90% overstates the private-sector share; the official sector split gives private sector at 78.27% and public sector at 21.73%.
- (B) 60% is too low because Rajasthan's 2023-24 GFCF was led by the private sector at 78.27%, not by a near-three-fifths share.
- (D) 50% would imply an equal public-private split, but the Economic Review records a much higher private share and a 21.73% public-sector share.
Concept
This tests Rajasthan economy statistics, especially investment indicators such as Gross Fixed Capital Formation and its sectoral composition. RAS often asks such figures because they connect state income accounts with growth, infrastructure and public-private investment patterns.