Topic 31: GSDP, Per Capita Income, Viksit Raj.

Study Material

Paper Paper I

Unit 2

1. Rajasthan GSDP Growth 2024-25 - Nominal GSDP at current prices: ₹17.04 lakh crore in 2024-25 - Up from ₹15.22 lakh crore in 2023-24 — growth rate of 12.02% - Compiled by Directorate of Economics and Statistics (DES), Government of Rajasthan
2. Real GSDP vs National Benchmark - Real GSDP (constant 2011-12 prices): ₹9.06 lakh crore in 2024-25 - Real growth rate: 7.82% — surpasses national real GDP growth of 6.4% - Up from ₹8.41 lakh crore in 2023-24
3. Per Capita Income — Gap with National Average - Rajasthan PCI (current prices): ₹1,85,053 in 2024-25 — up 11.04% - National average: ₹2,00,162 — Rajasthan is ₹15,109 below - PCI growth (11.04%) exceeds national rate (8.7%), indicating convergence
4. Rajasthan's Share in India's GDP - Contributes 5.26% of India's nominal GDP (₹324.11 lakh crore in 2024-25) - Contributes 4.90% of India's real GDP at constant prices - Reflects Rajasthan's position as a mid-sized economy among Indian states
5. Sectoral Composition of GSVA 2024-25 - Agriculture & Allied: 26.92% (well above India's ~17% — reflects agrarian character) - Industry: 27.16% (mining, manufacturing, electricity, construction) - Services: 45.92% (below India's ~53% — diversification underway)
6. Multidimensional Poverty — 47% Reduction - MPI fell from 28.86% (NFHS-4, 2015-16) to 15.31% (NFHS-5, 2019-21) - 47% reduction — faster than India's 40% national reduction - Driven by Swachh Bharat Mission, Saubhagya Scheme, and maternal health programs
7. Viksit Rajasthan 2047 — 10 Sankalps - Vision: $350 billion economy by 2029 through 10 Sankalps - Key focus areas: renewable energy, agriculture, industry, and tourism - Aligned with central government's Viksit Bharat 2047 program
8. Rising Rajasthan Summit 2024 — Record MoUs - ₹35 lakh crore worth of MoUs signed — largest in Rajasthan's history - Over 5,000 delegates participated including global investors and policymakers - 10 new policies launched: RIPS 2024, Export Policy 2024, MSME Policy 2024
9. SDG Composite Score — Performer to Front-Runner - Score improved from 60 (2020-21) to 67 (2023-24) — 7-point gain - Moved from Performer to Front-Runner category in SDGs India Index 4.0 - SDG 7 (Affordable and Clean Energy): perfect score of 100 — solar energy leadership
10. District-level Economic Concentration - Jaipur: highest GDDP at ₹2,12,335 crore in 2023-24 (grew 13.63%) - Alwar: highest per capita income at ₹2,40,808 (2023-24); grew 13.96% - Jaipur alone accounts for ~14% of state GSDP — stark regional concentration
11. SDGs India Index 4.0 — National Framework - 4th edition (2023-24): 113 indicators across 16 goals; released July 2024 - India's composite score: 71 (up from 66 in 2020-21) - Rajasthan's SDG 10 (Reduced Inequalities): 49 — below Performer threshold
12. Inclusive Growth — Multi-dimensional Measurement - Inclusive growth measures poverty across income, health, education, and living standards - Per capita income alone is inadequate — Gini coefficient and health outcomes also matter - Composite indices (HDI, MPI) provide fuller picture than GDP per capita alone

Key facts

Rajasthan GSDP Growth 2024-25 — Nominal GSDP at current prices: ₹17.04 lakh crore in 2024-25 — Up from ₹15.22 lakh crore in 2023-24
Real GSDP vs National Benchmark — Real GSDP (constant 2011-12 prices): ₹9.06 lakh crore in 2024-25 — Real growth rate: 7.82%
Per Capita Income — Gap with National Average — Rajasthan PCI (current prices): ₹1,85,053 in 2024-25 — up 11.04% — National average: ₹2,00,162
Rajasthan's Share in India's GDP — Contributes 5.26% of India's nominal GDP (₹324.11 lakh crore in 2024-25)
Sectoral Composition of GSVA 2024-25 — Agriculture & Allied: 26.92% (well above India's ~17% — reflects agrarian character)

Key Points at a Glance

1
Rajasthan GSDP Growth 2024-25
- Nominal GSDP at current prices: ₹17.04 lakh crore in 2024-25
- Up from ₹15.22 lakh crore in 2023-24 — growth rate of 12.02%
- Compiled by Directorate of Economics and Statistics (DES), Government of Rajasthan
2
Real GSDP vs National Benchmark
- Real GSDP (constant 2011-12 prices): ₹9.06 lakh crore in 2024-25
- Real growth rate: 7.82% — surpasses national real GDP growth of 6.4%
- Up from ₹8.41 lakh crore in 2023-24
3
Per Capita Income — Gap with National Average
- Rajasthan PCI (current prices): ₹1,85,053 in 2024-25 — up 11.04%
- National average: ₹2,00,162 — Rajasthan is ₹15,109 below
- PCI growth (11.04%) exceeds national rate (8.7%), indicating convergence
4
Rajasthan's Share in India's GDP
- Contributes 5.26% of India's nominal GDP (₹324.11 lakh crore in 2024-25)
- Contributes 4.90% of India's real GDP at constant prices
- Reflects Rajasthan's position as a mid-sized economy among Indian states
5
Sectoral Composition of GSVA 2024-25
- Agriculture & Allied: 26.92% (well above India's ~17% — reflects agrarian character)
- Industry: 27.16% (mining, manufacturing, electricity, construction)
- Services: 45.92% (below India's ~53% — diversification underway)
6
Multidimensional Poverty — 47% Reduction
- MPI fell from 28.86% (NFHS-4, 2015-16) to 15.31% (NFHS-5, 2019-21)
- 47% reduction — faster than India's 40% national reduction
- Driven by Swachh Bharat Mission, Saubhagya Scheme, and maternal health programs
7
Viksit Rajasthan 2047 — 10 Sankalps
- Vision: $350 billion economy by 2029 through 10 Sankalps
- Key focus areas: renewable energy, agriculture, industry, and tourism
- Aligned with central government's Viksit Bharat 2047 program
8
Rising Rajasthan Summit 2024 — Record MoUs
- ₹35 lakh crore worth of MoUs signed — largest in Rajasthan's history
- Over 5,000 delegates participated including global investors and policymakers
- 10 new policies launched: RIPS 2024, Export Policy 2024, MSME Policy 2024
9
SDG Composite Score — Performer to Front-Runner
- Score improved from 60 (2020-21) to 67 (2023-24) — 7-point gain
- Moved from Performer to Front-Runner category in SDGs India Index 4.0
- SDG 7 (Affordable and Clean Energy): perfect score of 100 — solar energy leadership
10
District-level Economic Concentration
- Jaipur: highest GDDP at ₹2,12,335 crore in 2023-24 (grew 13.63%)
- Alwar: highest per capita income at ₹2,40,808 (2023-24); grew 13.96%
- Jaipur alone accounts for ~14% of state GSDP — stark regional concentration
11
SDGs India Index 4.0 — National Framework
- 4th edition (2023-24): 113 indicators across 16 goals; released July 2024
- India's composite score: 71 (up from 66 in 2020-21)
- Rajasthan's SDG 10 (Reduced Inequalities): 49 — below Performer threshold
12
Inclusive Growth — Multi-dimensional Measurement
- Inclusive growth measures poverty across income, health, education, and living standards
- Per capita income alone is inadequate — Gini coefficient and health outcomes also matter
- Composite indices (HDI, MPI) provide fuller picture than GDP per capita alone

Introduction and Syllabus Scope

Economic indicators in this topic belong to the Rajasthan economy portion of RAS Mains and must be read as tools for analysing growth, welfare and the Viksit Rajasthan 2047 agenda. The RPSC Mains scheme, as set out in the RPSC syllabus document, assigns 200 marks to Paper I, which is why this topic must be prepared for both short factual answers and longer analytical answers.

Syllabus Placement and Examiner Expectations

The RPSC Mains syllabus places economic indicators under Paper I, Unit II, Economics, Part C. The scope is Rajasthan-centric: the examiner expects knowledge of how standard macroeconomic indicators apply to Rajasthan's economic reality and planning framework. Key indicators include Gross State Domestic Product (GSDP), per capita income, and indices of inclusive development.

This topic is a Tier 5 / New-Gap topic: it has not appeared in RAS Mains in 2013, 2016, 2018, 2021, 2023 or 2024. Its inclusion in the revised syllabus reflects RPSC's shift towards contemporary governance and development concepts alongside the state government's Viksit Rajasthan 2047 agenda. The 2026 exam is the first cycle in which this revised emphasis becomes a serious exam risk, so the topic deserves preparation beyond memorising a few headline figures.

The examiner is unlikely to reward a purely definitional answer. A strong answer should define the indicator, cite the latest Rajasthan number, compare it with India where relevant, and then explain what the indicator reveals about structural transformation, regional concentration or inclusive growth.

Five Sub-topics Covered

The chapter covers five distinct but interconnected sub-topics:

SDP / GSDP: measurement methodology, nominal versus real output, sectoral composition and district-level data
Per capita income: definition, Rajasthan trends, national comparison and district disparities
Inclusive growth: conceptual framework, MPI, HDI, welfare schemes and delivery mechanisms
Viksit Rajasthan 2047: 10 Sankalps, the $350 billion economy target and the Rising Rajasthan Global Investment Summit
SDGs: 17 goals, India/Rajasthan performance, SDGs India Index 4.0 and Rajasthan's institutional mechanism

What Falls Outside This Topic

Fiscal policy and taxation are covered in Topic #32. Agricultural productivity in depth is in Topic #33. Industrial policy details are in Topic #34. The examiner here is testing conceptual understanding of indicators, not just rote statistics.

A practical boundary helps: use this topic to explain how Rajasthan's economy is measured and whether growth is inclusive; use the later sectoral topics to explain agriculture, industry and fiscal instruments in depth.

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PREDICTED Predicted RAS Questions

Based on PYQ trends and 2026 syllabus analysis

1 5M What is Rajasthan's GSDP at current prices in 2024-25 and how does its real growth rate compare with the national average? 5 marks · 50 words

Model Answer

Rajasthan's GSDP at current prices reached ₹17.04 lakh crore in 2024-25, growing 12.02% over ₹15.22 lakh crore in 2023-24. At constant (2011-12) prices, real GSDP grew 7.82%, surpassing the national real GDP growth of 6.4%. Rajasthan contributes 5.26% to India's nominal GDP in 2024-25.

~50 words • 5 marks