GSDP Overview and Trends 2023-24

What is the GSDP at Constant (2011-12) Prices for 2023-24 (AE)?

What is the growth rate of GSDP at Current Prices between 2022-23 and 2023-24?

The GSDP at Current Prices for 2023-24 (AE) is:

What is the GSDP at Constant (2011-12) Prices for 2022-23 (First Revised Estimate)?

What is the difference in GSDP at Constant (2011-12) Prices between 2023-24 (AE) and 2022-23 (First Revised Estimate)?

What is the GSDP at Current Prices for 2022-23 (First Revised Estimate)?

What is the absolute increase in GSDP at Current Prices from 2022-23 to 2023-24?

Gross State Domestic Product (GSDP) Data Summary

GSDP Definition: State Domestic Product (SDP) measures the total value of goods and services produced within a state's borders, during a specific period (typically a year).
Importance: SDP and Per Capita Income (PCI) are essential for policy-making and sustainable economic development; they provide insight into economic structural changes.

GSDP at Constant (2011-12) Prices

2023-24 (AE): Rs. 8,20,894 Crore (Rs. 8.21 Lakh Cr)
2022-23 (First Revised Estimate): Rs. 7,64,685 Crore (Rs. 7.65 Lakh Cr)
Growth Rate (2022-23 to 2023-24): 7.35%

GSDP at Current Prices

2023-24 (AE): Rs. 14,39,674 Crore (Rs. 14.40 Lakh Cr)
2022-23 (First Revised Estimate): Rs. 13,03,524 Crore (Rs. 13.04 Lakh Cr)
Growth Rate (2022-23 to 2023-24): 10.44%

Key Differences and Calculations

Difference (Constant Prices 2023-24 - 2022-23): Rs. 56,209 Crore
Difference (Current Prices 2023-24 - 2022-23): Rs. 1,36,150 Crore
Approximate Difference (Current vs. Constant Prices 2023-24): Rs. 6.19 Lakh Crore
Approximate Ratio (Current Prices/Constant Prices 2023-24): ~1.75:1

This quiz explores the Gross State Domestic Product (GSDP) data for the fiscal years 2022-23 and 2023-24, highlighting key figures and growth rates. Understanding GSDP is crucial for analyzing economic performance and structural changes within a state. Test your knowledge on the significance and calculations of GSDP.