Question
Download Solution PDFAs per the advance estimates of the year 2022-23, what percent share is Rajasthan's GSDP estimated to contribute in India's nominal Gross Domestic Product (GDP)?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe Correct answer is Option 2
Key Points
- As per the advance estimates for 2022-23, Rajasthan's Gross State Domestic Product (GSDP) is estimated to contribute 5.18% to India's nominal Gross Domestic Product (GDP).
Additional Information
- Rajasthan's Gross State Domestic Product (GSDP) is an important economic indicator that measures the overall economic output of the state.
- Some key points about Rajasthan’s GSDP are
- Sectoral Contributions: The GSDP is composed of contributions from agriculture, industries, and services sectors, with agriculture and allied activities being a significant component given the state's agrarian economy.
- Growth Rate: Rajasthan has seen steady growth in its GSDP over recent years, driven by improvements in infrastructure, industrial growth, and tourism.
- Size: As of recent estimates (FY 2022-23), Rajasthan’s GSDP was around ₹13-14 lakh crore, placing it among the top 10 states in India in terms of economic output.
- Key Industries: Major contributors include mining, textiles, tourism, and cement production.
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