Gross State Domestic Product: Measurement and Rajasthan's Position

Gross State Domestic Product measures the total monetary value of all final goods and services produced within a state during a given financial year. It is the state-level analog of GDP. GSDP data for Rajasthan is compiled and published by the Directorate of Economics and Statistics (DES), Statistics Department, Government of Rajasthan.

Nominal vs. Real GSDP

GSDP is reported on two bases:

• At Current Prices (Nominal GSDP): values goods and services at prices prevailing in the reference year. This figure captures both real growth and inflation. Rajasthan's nominal GSDP for 2024-25 is estimated at ₹17.04 lakh crore, up from ₹15.22 lakh crore in 2023-24 — a growth rate of 12.02%.

• At Constant (2011-12) Prices (Real GSDP): adjusts for inflation by valuing output at 2011-12 base year prices. This measures true productive expansion. Rajasthan's real GSDP for 2024-25 is estimated at ₹9.06 lakh crore, up from ₹8.41 lakh crore in 2023-24 — a real growth rate of 7.82%, which exceeds India's national real GDP growth of 6.4% in the same year.

Rajasthan's GSDP contributes 5.26% of India's nominal GDP (₹324.11 lakh crore in 2024-25) and 4.90% of India's real GDP (₹184.88 lakh crore at constant prices).

Source: Rajasthan Economic Review 2024-25, Chapter 1, Tables 1.1 and 1.2, Directorate of Economics and Statistics

Gross State Value Added (GSVA)

Gross State Value Added (GSVA) is the production-side measure: GSDP = GSVA at basic prices + product taxes − product subsidies. GSVA removes the tax/subsidy wedge for cleaner sectoral comparisons.

For 2024-25:

• Nominal GSVA: ₹15.70 lakh crore (grew 10.83% over ₹14.17 lakh crore in 2023-24)
• Real GSVA: ₹8.22 lakh crore (grew 6.29% over ₹7.73 lakh crore in 2023-24)

Sectoral Composition of GSVA (2024-25, current prices):

Sector	GSVA Share	Key sub-sectors
Agriculture & Allied	26.92%	Crops, livestock, forestry, fishing
Industry	27.16%	Mining, manufacturing, electricity, construction
Services	45.92%	Trade, transport, finance, public admin

Source: Rajasthan Economic Review 2024-25, Executive Summary and Chapter 1, DES Rajasthan

Agriculture's share at 26.92% — compared to India's national average of ~17% — reflects Rajasthan's continuing agrarian character and the challenge of structural transformation. The services sector's 45.92% share indicates diversification but remains below the national average of ~53%. See Topic #33 for detailed agricultural sector analysis.

GSDP Growth Trajectory

Rajasthan's consistent growth above 7% in real terms since 2021-22 (after the COVID-19 shock of −1.82% in 2020-21) demonstrates economic resilience. The 2024-25 real growth of 7.82% against a national figure of 6.4% positions Rajasthan as a faster-growing state.

Year	Nominal GSDP (₹ crore)	Nominal Growth (%)	Real GSDP (₹ crore, 2011-12)	Real Growth (%)
2020-21	10,17,917	1.79	6,65,963	−1.82
2021-22	11,95,641	17.46	7,25,464	8.93
2022-23	13,56,480	13.45	7,79,196	7.41
2023-24	15,21,510	12.17	8,40,599	7.88
2024-25 (AE)	17,04,339	12.02	9,06,294	7.82

Source: Rajasthan Economic Review 2024-25, Table 1.1 and 1.2, DES Rajasthan

District-wise Gross District Domestic Product (GDDP)

The district-level disaggregation of GSDP — the Gross District Domestic Product (GDDP) — reveals regional economic concentration. Key findings for 2023-24:

• Jaipur dominates with GDDP of ₹2,12,335 crore (grew 13.63%) — accounts for ~14% of state GSDP
• Alwar recorded highest growth at 15.16% (₹1,19,820 crore), driven by Delhi-NCR proximity and industrialization
• Top five: Jaipur, Alwar, Jodhpur (₹83,191 crore), Bhilwara (₹76,716 crore), Ajmer (₹70,283 crore)

This stark concentration underscores the regional disparity challenge that inclusive growth must address.

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