GSDP Overview and Trends 2023-24

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

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

  • Rs. 8,20,894 Cr (correct)
  • Rs. 7,64,685 Cr
  • Rs. 13,03,524 Cr
  • Rs. 14,39,674 Cr

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

  • 7.35%
  • 10.44% (correct)
  • 13.04%
  • 8.21%

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

  • Rs. 14.40 Lakh Cr (correct)
  • Rs. 7.65 Lakh Cr
  • Rs. 13.04 Lakh Cr
  • Rs. 8.21 Lakh Cr

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

<p>Rs. 7,64,685 Cr (B)</p> Signup and view all the answers

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

<p>Rs. 1,36,150 Cr (C)</p> Signup and view all the answers

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

<p>Rs. 13.04 Lakh Cr (B)</p> Signup and view all the answers

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

<p>Rs. 1,36,150 Cr (D)</p> Signup and view all the answers

Flashcards

State Domestic Product (SDP)

The total value of all goods and services produced within a state's geographical boundaries during a specific period (typically a year), without duplicate counting.

GSDP Growth Rate at Constant Prices

The increase in GSDP at Constant (2011-12) Prices between 2022-23 and 2023-24, expressed as a percentage.

GSDP at Current Prices 2023-24 (AE)

The GSDP at Current Prices for 2023-24 (Advance Estimates) is Rs. 14.40 Lakh Crore.

GSDP at Constant (2011-12) Prices 2022-23

The GSDP at Constant Prices for 2022-23 (First Revised Estimate) is Rs. 7,64,685 Crore.

Signup and view all the flashcards

GSDP Difference at Constant Prices

The difference in GSDP at Constant (2011-12) Prices between 2023-24 (AE) and 2022-23 (First Revised Estimate) is Rs. 56,209 Crore.

Signup and view all the flashcards

GSDP Increase at Current Prices

The absolute increase in GSDP at Current Prices from 2022-23 to 2023-24 is Rs. 1,36,150 Crore.

Signup and view all the flashcards

GSDP Growth Rate at Current Prices

The increase in GSDP at Current Prices between 2022-23 and 2023-24, expressed as a percentage.

Signup and view all the flashcards

GSDP at Current Prices 2022-23

The GSDP at Current Prices for 2022-23 (First Revised Estimate) is Rs. 13.04 Lakh Crore.

Signup and view all the flashcards

Study Notes

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

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

More Like This

Madhya Pradesh Budget 2022-23 Quiz
5 questions
Telangana's GSDP and PCI Growth Quiz
5 questions
Economic Overview of Rajasthan 2023-24
48 questions
Use Quizgecko on...
Browser
Browser