Madhya Pradesh Economic Survey 2023-24 Highlights
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Questions and Answers

What does Figure 2.1 primarily illustrate?

  • The area covered by major cereal crops.
  • The sectoral contributions to the GSVA at current prices.
  • The relationship between rainfall and agricultural output.
  • The ratio of debt to gross state domestic product (GSDP). (correct)

Which of the following figures would provide information about the total production of lentil in the state?

  • Figure 4.4
  • Figure 4.6
  • Figure 4.3
  • Figure 4.5 (correct)

If one wanted to analyze the change in economic output over time, adjusting for inflation, which figure would be most useful?

  • Figure 2.1 showing debt to GSDP ratio
  • Figure 1.3 showing current prices
  • Figure 1.2 showing constant prices (correct)
  • Figure 4.1 showing rainfall patterns

Which figure would be relevant to analyze the spatial distribution of a crop like paddy?

<p>Figure 4.2 (B)</p> Signup and view all the answers

What is the unit of measurement used in Figure 4.10 for the production of major spices?

<p>Lakh Metric Tons (B)</p> Signup and view all the answers

What sector saw a decrease in its contribution to Madhya Pradesh's economy at current prices from FY 2022-23 to FY 2023-24?

<p>Secondary sector (B)</p> Signup and view all the answers

Which sector experienced a rise in its contribution to the economy at constant prices (2011-12 base year)?

<p>Mining and Quarrying (A), Fishing and Aquaculture (B), Agriculture (C)</p> Signup and view all the answers

Which of the following is NOT a factor contributing to the decline in the secondary sector's contribution at current prices?

<p>Increase in construction (D)</p> Signup and view all the answers

What sector showed the largest increase in contribution at constant prices between FY 2011-12 and FY 2023-24?

<p>Construction (D)</p> Signup and view all the answers

Which sector's contribution to Madhya Pradesh's economy has been consistently increasing in both current and constant prices?

<p>Mining and Quarrying (A)</p> Signup and view all the answers

Which of the following best describes the trend in the primary sector's contribution to Madhya Pradesh's economy at constant prices?

<p>Steady growth (C)</p> Signup and view all the answers

The text suggests that the secondary sector's contribution to Madhya Pradesh's economy is:

<p>Facing challenges and fluctuations (B)</p> Signup and view all the answers

Which of the following is NOT a key factor contributing to the growth of the primary sector in Madhya Pradesh?

<p>Expansion of manufacturing activities (D)</p> Signup and view all the answers

According to the provided figures, what data is represented in Figure 5.2?

<p>Gross output and net value added in factories (C)</p> Signup and view all the answers

What does Figure 5.7 primarily show in detail?

<p>Sector-wise distribution of Startups of the Central Region (C)</p> Signup and view all the answers

Which of the following is the primary focus of Figure 5.11?

<p>Installed power generation capacity in Madhya Pradesh (D)</p> Signup and view all the answers

According to Figure 6.3, what is the subject of the data presented?

<p>FDI inflow in Madhya Pradesh (C)</p> Signup and view all the answers

What does Figure 7.1 depict in the context of ALPASS?

<p>Number of Approved Certificates (B)</p> Signup and view all the answers

What, according to the figures, does Figure 8.2 focus on?

<p>Labor Force Participation Rate (LFPR) 15-59 Yrs. (B)</p> Signup and view all the answers

Which figure presents data related to the percentage of man-days created by women?

<p>Figure 4.17 (B)</p> Signup and view all the answers

Figure 5.9 focuses on which aspect of the tourism sector?

<p>Revenue generated by Department of Tourism from operations (C)</p> Signup and view all the answers

Who is acknowledged for inspiring the holistic analysis theme of the Madhya Pradesh Economic Survey 2023-24?

<p>The Hon’ble Chief Minister of the State (B)</p> Signup and view all the answers

Besides the Chief Minister, who else is primarily acknowledged for their direct guidance in the creation of the Madhya Pradesh Economic Survey 2023-24?

<p>Shri Jagdish Deora, Hon’ble Deputy Chief Minister (D)</p> Signup and view all the answers

Which individual is specifically credited with providing valuable insights and expertise in shaping the content of the Economic Survey?

<p>Smt. Veera Rana, Chief Secretary (D)</p> Signup and view all the answers

Who is noted for contributing significantly to shaping the document and deciding the important aspects to enrich the text of the Economic Survey?

<p>Shri Praveen Kumar Srivastava, Chairman of the State Statistics Commission (A)</p> Signup and view all the answers

Which individual is acknowledged for giving constructive feedback, keen observation, and continuous follow-up which enhanced the quality of the survey?

<p>Shri Sanjay Kumar Shukla, Principal Secretary (B)</p> Signup and view all the answers

Who is thanked for providing excellent views on the state of the economy for the Economic Survey?

<p>Professor Deepak Sethia, Member of the State Statistical Commission (C)</p> Signup and view all the answers

Which team is specifically recognized for their tireless research efforts in drafting chapters of the Economic Survey 2023-24?

<p>The PMU team of Madhya Pradesh Rajya Niti Aayog (B)</p> Signup and view all the answers

Besides specific individuals, which group is thanked for their cooperation in providing relevant data and departmental insights for the creation of the document?

<p>Additional Chief Secretaries, Principal Secretaries and Secretaries of the Government (A)</p> Signup and view all the answers

What does GSDP stand for?

<p>Gross State Domestic Product (B)</p> Signup and view all the answers

Which year serves as the base for constant prices in the GSDP data?

<p>2011-12 (C)</p> Signup and view all the answers

What aspect is depicted in Figure 1.1 of the Economic Survey?

<p>GSDP at current and constant prices (B)</p> Signup and view all the answers

How would the GSDP at constant prices generally be characterized?

<p>Adjusted for inflation to reflect real growth (D)</p> Signup and view all the answers

Why is it important to distinguish between current and constant prices?

<p>To understand the effects of inflation on economic growth (D)</p> Signup and view all the answers

What would typically happen to GSDP at constant prices if inflation rises significantly?

<p>It may decrease or grow slower than at current prices (A)</p> Signup and view all the answers

In what format is the GSDP data typically presented in the Economic Survey?

<p>Line graph (B)</p> Signup and view all the answers

Which of the following would NOT be a likely use of GSDP in economic analysis?

<p>Forecasting future pollution levels (C)</p> Signup and view all the answers

What is the estimated fiscal deficit for the year 2023-24 as a percentage of GSDP?

<p>4.02% (A)</p> Signup and view all the answers

What amount of external assistance is estimated for FY 2023-24?

<p>Rs 6,500 crore (C)</p> Signup and view all the answers

By how much is agricultural credit expected to have grown from FY 2005-06 to FY 2023-24?

<p>16.4% (A)</p> Signup and view all the answers

What is the projected capital expenditure as a percentage of GSDP for FY 2023-24?

<p>3.90% (A)</p> Signup and view all the answers

Which crop saw the highest percentage increase in production in FY 2023-24?

<p>Pulses (D)</p> Signup and view all the answers

What percentage did non-performing assets (NPAs) decrease for private banks?

<p>47% (B)</p> Signup and view all the answers

What was the total revenue receipts estimated for FY 2023-24?

<p>Rs 2,25,710 crore (A)</p> Signup and view all the answers

What increase was observed in the production of horticultural crops from 2022-23 to 2023-24?

<p>1.50 lakh metric tons (B)</p> Signup and view all the answers

Flashcards

Madhya Pradesh Economic Survey

A comprehensive document that provides a detailed analysis of Madhya Pradesh's economy, encompassing various sectors and indicators.

Principal Secretary, Planning, Economics & Statistics

The head of the department responsible for planning, economics, and statistics in Madhya Pradesh.

Holistic Analysis

A process of evaluating the current state of affairs in a comprehensive way to enable informed decision-making for the future.

Contribution

Input and guidance provided by individuals or groups involved in the preparation of the document.

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Expert

An individual who provides expert advice and opinions on a subject matter, in this case, the state of the economy.

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Vetting

The process of scrutinizing a document to ensure accuracy and consistency.

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PMU Team

A group dedicated to researching and drafting specific parts of a comprehensive document like the Economic Survey.

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Proofreading

The process of examining and correcting the text of a document to ensure it is grammatically correct and free of errors.

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What is GSVA at Constant Prices?

A key economic indicator representing the total value of goods and services produced within a state, adjusted for inflation, showing the state's real economic output.

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What is the purpose of a sectoral contribution to GSVA chart?

This figure illustrates the relative importance of different sectors like agriculture, industry, and services in contributing to a state's overall economic output.

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What is the Debt-GSDP ratio?

The ratio of a state's total debt to its Gross State Domestic Product (GSVA), indicating the state's financial health and ability to manage its debt burden.

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What are charts like 'Area cover of major cereal crops' and 'Production of Major cereal crops' used for?

Charts that track changes in agricultural production, illustrating the state's agricultural output and potential for food security.

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What is the significance of charts such as 'Area under Major Oilseed Crops' and 'Area under Major commercial Crops' ?

Charts that show the total amount of land dedicated to different crops, indicating the state's commitment to specific agricultural sectors.

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Women's Contribution to Workdays

The percentage of women involved in creating workdays in Madhya Pradesh.

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Factories and Fixed Capital

The total number of factories and their combined fixed capital investments in Madhya Pradesh.

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Net Value Added in Factories

The total value of goods and services produced by factories in Madhya Pradesh, minus the cost of inputs.

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Startups in Madhya Pradesh

The number of startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) in Madhya Pradesh.

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Foreign Tourist Arrivals

The number of foreign tourists who visited Madhya Pradesh.

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Power Generation Capacity

The total installed capacity for generating electricity in Madhya Pradesh.

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Per Capita Power Consumption

The amount of electricity consumed per person in Madhya Pradesh.

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Merchandise Exports

The total value of goods exported from Madhya Pradesh.

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Gross State Domestic Product (GSDP) at current prices

The total value of goods and services produced within a state in a specific financial year, calculated using current year prices.

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Gross State Domestic Product (GSDP) at constant prices

The total value of goods and services produced within a state in a specific financial year adjusted to a base year's prices. This helps to compare economic output over time, removing the impact of inflation.

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Figure 1.1: Graphing GSDP

A visual representation used to display data trends over a period, typically using a line graph.

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Constant (2011-12) Prices

The base year used for calculating constant prices in GSDP, enabling reliable comparison of production across different years.

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Financial Year

A period of a year used for financial reporting and calculations, typically beginning on April 1st and ending on March 31st.

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Economic Performance

The overall performance of a state's economy, measured by factors like GSDP growth, employment rates, and industrial output.

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Primary Sector in Madhya Pradesh

The primary sector of Madhya Pradesh's economy, which includes agriculture, livestock, fishing, and mining. It plays a crucial role in the state's economic growth and stability.

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Secondary Sector in Madhya Pradesh

The secondary sector of Madhya Pradesh's economy, which includes manufacturing, construction, and utilities. It transforms raw materials into finished products.

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Growth in Madhya Pradesh's Primary Sector

The growth in Madhya Pradesh's primary sector, driven by improvements in agricultural productivity, livestock development, and fishing.

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Decline in Madhya Pradesh's Secondary Sector

The decline in Madhya Pradesh's secondary sector, stemming from a decrease in manufacturing, construction, and utility services.

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Positive Trend in Madhya Pradesh's Primary Sector

The trend in Madhya Pradesh's primary sector where the contribution of agriculture, livestock, fishing, and mining has increased at constant prices, showcasing real growth and resilience.

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Negative Trend in Madhya Pradesh's Secondary Sector

The trend in Madhya Pradesh's secondary sector where the contribution of manufacturing, construction, and utilities has declined at current prices, indicating some challenges.

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Contributions of Primary Sector Components

The specific contributions of agriculture, livestock, fishing, and mining to Madhya Pradesh's primary sector, indicating their respective roles in the state's economy.

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Contributions of Secondary Sector Components

The specific contributions of manufacturing, construction, and utilities to Madhya Pradesh's secondary sector, reflecting their roles and performance within the sector.

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Fiscal Deficit

A measurement of the state's financial health, reflecting the difference between government revenue and expenditure. A surplus indicates a strong financial position, while a deficit indicates spending exceeding income.

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Revenue Surplus

A key indicator of financial stability, it shows revenue exceeding expenditure, signifying a healthy and robust financial position.

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Gross State Domestic Product (GSDP)

A measure of a state's economic health, calculated as the total value of goods and services produced within a state adjusted for inflation. It reflects the real economic output of a region.

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External Assistance

Financial assistance provided by external entities (like countries or organizations) to support development projects in a state, often used for infrastructure investments.

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Capital Expenditure

A key economic benefit for a state, it indicates economic activity and growth. An increase in capital expenditure reflects investments in infrastructure and future development.

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Loans and Advances

A measure of how much financial resources a state has available for lending. Higher loans and advances indicate a stronger capacity to lend to individuals and businesses.

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Pradhan Mantri Jan Dhan Yojana

A financial program aimed at providing access to banking services for a broader population, including those previously unbanked.

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Compound Annual Growth Rate (CAGR)

The percentage increase in a quantity over a specific period, often used to measure growth or decline in various sectors.

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Study Notes

Madhya Pradesh Economic Survey 2023-24 Highlights

  • GSDP Growth: GSDP at current prices increased over the years. Growth driven by crops (32.29-32.32%) and livestock (7.51-7.84%). Fishing/aquaculture and mining/quarrying also experienced growth. At constant prices (2011-12 base), primary sector contribution remains significant with positive growth in livestock, fishing, and mining.

  • Secondary Sector: At current prices, the secondary sector's contribution has declined (18.93% in 2022-23 to 18.47% in 2023-24). This is attributed to decreases in manufacturing and certain services. At constant prices, secondary sector shows a slight increase.

  • Primary Sector: Sustained contributions from crops & livestock (reflecting enhanced agricultural productivity), highlighting the sector's crucial role in Madhya Pradesh's growth and stability.

  • Financial Position: Fiscal deficit estimated at Rs 55,709 crore (4.02% of GSDP). Revenue surplus of Rs 413 crore. External assistance of Rs 6,500 crore. Increased tax revenue (land, stamp duty, SGST) and total revenue receipts estimated at Rs 2,25,710 crore (80.14%).

  • Investment Growth: Capital expenditure as a percentage of GSDP projected to increase (3.23% to 3.90%). Loans and advances also projected to increase.

  • Banking Sector: Significant increase in agricultural credit (16.4% CAGR from FY 2005-06 to FY 2023-24) and MSME sector credit growth (33.85% CAGR). NPAs (non-performing assets) of private banks, small finance banks, and regional rural banks have decreased.

  • Agriculture & Rural Development: 0.20% increase in major crop production overall in FY23-24. Cereal production mildly decreased, pulse production saw a significant rise (42.62%), and oilseeds saw a moderate increase (7.32%). Horticultural crop production also increased, especially spices.

  • Figures: Numerous figures (e.g., per capita income, sectoral contribution, rainfall patterns, crop production, factory data, tourist arrivals, power generation) illustrate the data points detailed in the report.

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Madhya Pradesh Economic Survey 2023-24 PDF

Description

This quiz covers key highlights from the Madhya Pradesh Economic Survey 2023-24, focusing on the growth in GSDP, contributions from various sectors, and the fiscal position of the state. Understand the dynamics of the primary and secondary sectors and their impact on the state's economy.

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