Consider the following statements:
- 1. In 2019–20, the percentage growth rate of the Gross State Domestic Product of Bihar was higher than the percentage growth rate of the GDP of India.
- 2. In 2018–19, the percentage growth rate of the Gross State Domestic Product of Bihar was lower than the percentage growth rate of the GDP of India.
- 3. In 2023–24, according to the quick estimate, the percentage growth rate of the GSDP of Bihar was 9.2.
Which of the statements given above are correct?
- AOnly 1 and 2
- BOnly 3
- CAll three
- DOnly 1 and 3
Show answer and explanation
Correct answer: (d) Only 1 and 3
Explanation
Statements 1 and 3 are correct.
- Statement 1 is correct: in 2019–20 Bihar's GSDP grew faster than India's GDP, which slowed sharply that year.
- Statement 2 is wrong: in 2018–19 Bihar's GSDP grew by about 10.5%, faster than India's GDP (about 6.5%).
- Statement 3 is correct: according to the Bihar Economic Survey, the quick estimate of Bihar's GSDP growth in 2023–24 was 9.2% (at constant prices).