CORE Sector baseline: GSDP, GSVA and the 2024-25 profile
Rajasthan Economic Review 2024-25 is the current official baseline for the state economy because it gives the GSDP estimate, GSVA shares, sector composition, fiscal indicators and district-facing development statistics in one place. It estimates Rajasthan's GSDP at current prices at ₹17.04 lakh crore in 2024-25, compared with ₹15.22 lakh crore in 2023-24. That one line matters because agriculture, industry and services can otherwise be studied as isolated departments rather than as contributors to the same state output.
The sector split in the review is equally important. Agriculture and allied activities, including crops, livestock, fishing and forestry, account for 26.92 per cent of GSVA at current prices. Industry, including mining, manufacturing, electricity, gas, water supply and construction, contributes 27.16 per cent. Services, including trade, hotels, transport, storage, communication, financial services, real estate, public administration and other services, form the largest share at 45.92 per cent. The numbers show that Rajasthan is not only an agrarian economy, even though rain-fed farming and livestock risk remain central to welfare.
The same baseline also explains why place names appear inside sector analysis. Barmer, Jodhpur, Pali, Bhiwadi, Neemrana, Khushkhera, Udaipur, Nagaur, Bhilwara and Kota are economic clues because they connect raw material, land, transport and markets. Western Rajasthan needs water-risk management and petroleum-linked diversification; north-eastern Rajasthan uses National Capital Region proximity and corridor infrastructure; south and south-eastern Rajasthan connect mineral resources with cement, textiles and engineering. Rajasthan Economic Review 2024-25 therefore works as the statistical frame within which Rajasthan State Budget 2023-24 and Rajasthan State Budget 2024-25 announcements can be placed.
A useful reading of these shares also separates output size from structural role. Agriculture's share is smaller than services, but it anchors food security, livestock income and raw material supply. Industry's share is close to agriculture, yet its district footprint is concentrated in minerals, construction materials, engineering, textiles and petroleum-linked nodes. Services look numerically dominant because they include trade, hotels, transport, storage, finance, professional services and administration, which expand when either farm output or industrial movement increases.