Aspirant Academy

Economy

Key Points at a Glance

Economic Indicators: SDP, Per Capita Income, Inclusive Growth, Viksit Rajasthan 2047, SDGs

Paper I · Unit 2 Section 1 of 14 0 PYQs 40 min
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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

    • MPI 28.86% (NFHS-4, 2015-16) 15.31% (NFHS-5, 2019-21)

  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