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Question:
In the context of the Budget for the state for the financial year 2024–25:

Statements:
A. The agriculture sector grew at a higher rate in 2022–23 than in 2021–22.
B. Service sector grew at a lower rate in 2022–23 than in 2021–22.
C. The per capita GSDP of Karnataka in 2022–23 (at current prices) increased by 13% over 2021–22.
D. India’s per capita GDP in 2022–23 is estimated to be less than half of Karnataka’s per capita GDP.

Options:
(1) Only one statement is correct
(2) Only two statements are correct
(3) Only three statements are correct
(4) All statements are correct

1 Answer

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Based on the Karnataka Economic Survey 2022–23, presented alongside the state's Budget for the financial year 2024–25, let's evaluate each statement:

Statement A: The agriculture sector grew at a higher rate in 2022–23 than in 2021–22.

  • Correct. The agriculture sector in Karnataka experienced a growth rate of 4.5% in 2022–23, an increase from the 3.9% growth observed in 2021–22.

Statement B: Service sector grew at a lower rate in 2022–23 than in 2021–22.

  • Incorrect. The services sector in Karnataka grew at a rate of 9.8% in 2022–23, which is higher than the 8.7% growth recorded in 2021–22.

Statement C: The per capita GSDP of Karnataka in 2022–23 (at current prices) increased by 13% over 2021–22.

  • Correct. Karnataka's per capita GSDP at current prices rose from ₹2,37,000 in 2021–22 to ₹2,68,000 in 2022–23, marking an approximate 13% increase.

Statement D: India’s per capita GDP in 2022–23 is estimated to be less than half of Karnataka’s per capita GDP.

  • Incorrect. India's per capita GDP for 2022–23 is estimated at ₹1,70,000. While this is lower than Karnataka's per capita GSDP, it is not less than half; it constitutes about 63.4% of Karnataka's per capita GSDP.

Conclusion:

Statements A and C are correct, while Statements B and D are incorrect.

Answer: (2) Only two statements are correct

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