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What is the projected Gross State Domestic Product (GSDP) of Bihar for 2024-25 at current prices?
- a)Rs 6.13 lakh crore
- b)Rs 7.89 lakh crore
- c)Rs 9.76 lakh crore
- d)Rs 11.23 lakh crore
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
What is the projected Gross State Domestic Product (GSDP) of Bihar for...
The correct answer is Rs 9.76 lakh crore.
Key Points
The Bihar Budget Analysis 2024-25, presented by PRS Legislative Research, paints a picture of the state's projected economic performance for the upcoming financial year. Here's a breakdown of key insights:
Gross State Domestic Product (GSDP):
- Projected GSDP:Rs 9.76 lakh crore (at current prices)
- Growth:13.5% increase compared to the previous year
- Significance:This indicates positive economic growth for Bihar.
Fiscal Deficit:
- Targeted Deficit:3% of GSDP (Rs 29,095 crore)
- Comparison:Lower than the revised estimate for 2023-24 (8.9% of GSDP) and the budgeted figure for the same year (3% of GSDP).
- Significance:This suggests that Bihar aims to reduce its fiscal deficit and achieve a more sustainable fiscal position.
Additional Information
- Revenue Surplus:Projected to be Rs 1,121 crore in 2024-25, marking a significant improvement compared to the expected revenue deficit of Rs 35,530 crore in 2023-24.
- Receipts:Estimated to grow by 5.7% compared to the revised estimates of the previous year, indicating an increase in revenue collection.
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What is the projected Gross State Domestic Product (GSDP) of Bihar for 2024-25 at current prices? a)Rs 6.13 lakh croreb)Rs 7.89 lakh crorec)Rs 9.76 lakh crored)Rs 11.23 lakh croreCorrect answer is option 'C'. Can you explain this answer?
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What is the projected Gross State Domestic Product (GSDP) of Bihar for 2024-25 at current prices? a)Rs 6.13 lakh croreb)Rs 7.89 lakh crorec)Rs 9.76 lakh crored)Rs 11.23 lakh croreCorrect answer is option 'C'. Can you explain this answer? for Software Development 2025 is part of Software Development preparation. The Question and answers have been prepared according to the Software Development exam syllabus. Information about What is the projected Gross State Domestic Product (GSDP) of Bihar for 2024-25 at current prices? a)Rs 6.13 lakh croreb)Rs 7.89 lakh crorec)Rs 9.76 lakh crored)Rs 11.23 lakh croreCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Software Development 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the projected Gross State Domestic Product (GSDP) of Bihar for 2024-25 at current prices? a)Rs 6.13 lakh croreb)Rs 7.89 lakh crorec)Rs 9.76 lakh crored)Rs 11.23 lakh croreCorrect answer is option 'C'. Can you explain this answer?.
What is the projected Gross State Domestic Product (GSDP) of Bihar for 2024-25 at current prices? a)Rs 6.13 lakh croreb)Rs 7.89 lakh crorec)Rs 9.76 lakh crored)Rs 11.23 lakh croreCorrect answer is option 'C'. Can you explain this answer? for Software Development 2025 is part of Software Development preparation. The Question and answers have been prepared according to the Software Development exam syllabus. Information about What is the projected Gross State Domestic Product (GSDP) of Bihar for 2024-25 at current prices? a)Rs 6.13 lakh croreb)Rs 7.89 lakh crorec)Rs 9.76 lakh crored)Rs 11.23 lakh croreCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Software Development 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the projected Gross State Domestic Product (GSDP) of Bihar for 2024-25 at current prices? a)Rs 6.13 lakh croreb)Rs 7.89 lakh crorec)Rs 9.76 lakh crored)Rs 11.23 lakh croreCorrect answer is option 'C'. Can you explain this answer?.
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