Rajasthan Economic Review 2024-25

• 24 Feb 2025

Why in News? 

 The Rajasthan government presented its economic review for the financial year 2024-25 in the Assembly, in which a detailed description of the economic condition of the state, growth rate and various schemes and figures has been presented.  

Key Points  

• Ten resolutions for inclusive development: 
  • The Revised Budget 2024-25 presents the goals of inclusive growth based on the principles of “Sabka Sath, Sabka Vikas – Inclusive Growth for All”. 
  • This principle has been conceived as a five-year action plan under  “Amrit Kaalkhand – Developed Rajasthan @2047” . 
  • This action plan includes 10 resolutions to be implemented in the state . 
• USD 350 billion economy: 
  • Rajasthan aims to achieve a USD 350 billion economy by the year 2029.  
  • For this, focus is being laid on technological innovation in agricultural activities, expansion of industrial production, investment in renewable energy and promotion of tourism using rich cultural heritage. 
• Rajasthan Economy at a Glance: 
  • GSDP at current prices is estimated at Rs 17.04 lakh crore in 2024-25, showing a growth rate of 12.02% from Rs 15.22 lakh crore in 2023-24.  
  • The agriculture sector , which includes crops, animal husbandry, fisheries and forestry, contributes 26.92 % to the GSVA for the year 2024-25 at current prices . 
  • The industrial sector includes mining, manufacturing, electricity, gas, water supply and construction, which contribute 27.16% to GSVA . 
  • The services sector which includes transport, storage and communication, financial services, real estate, business services, public administration and other services has the largest contribution to GSVA with 45.92%. 
  • Per capita income , which is estimated to increase by 11.04% to Rs 1,85,053 at current prices and 6.88%  to Rs 96,638 at constant (2011-12) prices in the year 2024-25 over the previous year. 
• Agricultural Development and Farmers Welfare: 
  • It contributes 26.92% to the state's Gross State Value Added (GSVA) in the year 2024-25 .  
  • GSVA at current prices has increased from Rs 1.19 lakh crore in the year 2011-12 to Rs 4.23 lakh crore in the year 2024-25. 
  • Food Grains (Cereals & Pulses): Expected to reach 267.67 lakh metric tonnes, a 10.67% increase from last year. 
  • Oilseeds: Estimated at 96.17 lakh metric tonnes, marking a 4.99% decline from 101.22 lakh metric tonnes in 2023-24. 
  • Sugarcane: Projected at 4.40 lakh metric tonnes, showing a 21.21% rise from 3.63 lakh metric tonnes last year. 
  • Cotton: Expected to be 18.45 lakh bales, a 29.61% decrease from 26.21 lakh bales in 2023-24. 
  • Chief Minister Seed Swavalamban Yojana (2024-25) 
    • 19,836 quintals of seeds distributed for Kharif crops. 
    • 42,000 quintals of seeds distributed for Rabi crops. 
  • Pradhan Mantri Fasal Bima Yojana (PMFBY) (2024-25) 
    • Rs 2,777 crore in insurance claims distributed to eligible farmers. 
  • Mukhyamantri Kisan Samman Nidhi Yojana (2024-25) 
    • The state government will provide an additional Rs 2,000 per year to farmers under the Pradhan Mantri Kisan Samman Nidhi Yojana. 
    • A budget allocation of Rs 1,400 crore has been proposed. 
  • Samman Pension Scheme for Small and Marginal Old Farmers (2024-25) 
    • Women farmers (55+ years) and male farmers (58+ years) receive a monthly pension of Rs 1,150. 
    • 2,09,530 beneficiaries have received benefits till December 2024, with a total expenditure of Rs 246.64 crore. 
  • Rajasthan Krishak Samman Yojana (2024-25) 
    • The state government has paid a bonus of Rs 125 per quintal at MSP rates, amounting to Rs 150.66 crore. 
  • Micro-Irrigation under PMKSY (2024-25) 
    • 34,469 hectares covered under drip and mini-sprinkler irrigation. 
    • 56,727 hectares covered under sprinkler irrigation. 
    • Rs 123.79 crore spent on the scheme till December 2024. 
• Industrial Development and Investment Promotion  
  • Industrial Growth in Rajasthan (2024-25) 
    • The industrial sector is expected to grow by 5.77% in Gross State Value Added (GSVA) at constant (2011-12) prices. 
    • GSVA from industry is projected to rise from Rs 1.36 lakh crore (2011-12) to Rs 4.26 lakh crore (2024-25), reflecting a 9.17% CAGR at current prices. 
    • The industry sector contributed 27.16% to Rajasthan's GSVA, with manufacturing as the leading contributor. 
  • Industrial Production & Growth 
    • The Index of Industrial Production (IIP) increased from 122.34 (2021-22) to 157.31 (Nov 2024), indicating industrial expansion. 
  • Investment & Policy Initiatives 
    • Rajasthan Investment Promotion Scheme (RIPS) launched to attract investments. 
    • Rajasthan Export Policy-2024 aims to strengthen the state's export potential with focused support for exporters. 
    • Rajasthan MSME Policy-2024 promotes small and medium enterprises, fostering a favorable business environment. 
    • Rajasthan M-Sand Policy-2024 encourages the production and use of manufactured sand (M-Sand) as a sustainable alternative to river sand in construction. 
    • Rising Rajasthan Investment Summit secured MoUs worth Rs 35 lakh crore, reinforcing the state’s commitment to economic growth. 
  • Exports (2023-24) 
    • Rajasthan’s exports totaled Rs 83,704.24 crore. 
    • Engineering goods, gems & jewellery, metals, textiles, and handicrafts contributed over 65% of total exports.  

• Transportation 
  • Road Network in Rajasthan (2024) 
    • Total road network: 3,17,121 km 
    • Road density: 92.66 km per 100 sq km 
    • Villages connected by roads: 39,408 
    • Highway upgrades: 47 national highways and 23 state highways are being upgraded for high-speed travel. 
  • Investment & Development: 
    • Road development budget: Rs 60,000 crore over the next five years. 
    • Rs 11,986 crore allocated for 2024-25. 
    • Rs 10,705 crore utilized by December 2024. 
    • National highway development: Rs 15,920 crore invested in 845.32 km under NHDP and Bharatmala Pariyojana. 
  • Highway & Road Distribution 
    • National highways: 10,790 km 
    • State highways: 17,376 km 
    • Rural roads: 2,06,318 km 
• Water Supply 
  • Surface Water Resources in Rajasthan: 
    • Indira Gandhi Canal Project: Serves 5,719 villages and 39 towns. 
    • Chambal River: Serves 4,899 villages and 29 towns. 
    • Narmada River: Serves 902 villages and 3 towns. 
    • Bisalpur Dam: Serves 3,109 villages and 22 towns. 
    • Jawai Dam: Serves 811 villages and 10 towns. 
  • Urban & Rural Water Supply Initiatives 
    • AMRUT 2.0: Launched on October 1, 2021, aims to provide drinking water to all households under "Har Ghar Nal" by 2025-26. 
    • Investment: Rs 5,123.06 crore approved for water supply projects in 183 urban local bodies. 
  • Water Infrastructure Development (2024-25) 
    • Tube wells installed: 1,012 in rural areas. 
    • Hand pumps installed: 1,268 in rural areas. 
    • Hand pumps repaired: 1,64,684 till September 2024. 
    • Drinking water provided: 15,417 villages/settlements. 
• Electricity 
  • Electricity Infrastructure in Rajasthan 
    • Total Installed Capacity: 26,325.19 MW (as of December 2024). 
  • Renewable Energy Leadership: 
    • Solar Power: 5,482.66 MW. 
    • Wind Power: 4,414.12 MW. 
  • Power Transmission & Electrification 
    • Extra High Voltage (EHV) Transmission Network: 44,638 circuit km (as of December 2024). 
  • Rural Electrification: 
    • Villages electrified: 43,965. 
    • Dhanis electrified: 1.14 lakh. 
    • Rural households electrified: 108.09 lakh. 
  • Consumer Growth & Agricultural Support 
    • Total Consumers: Increased from 190.61 lakh (March 2024) to 196.22 lakh (December 2024) (2.94% growth). 
    • Agricultural Connections: 72,373 provided (till December 2024). 
    • Tariff Subsidy for Farmers: Rs 22,755.22 crore allocated in 2024-25. 
• Quality of Life-Civic Amenities 
  • Metro Expansion & Development Authority Expenditure 
    • Jaipur Metro Expansion: Undergoing phased development with an investment of over Rs 18,000 crore. 
  • Capital Expenditure (2024-25, till December 2024): 
    • Jaipur Development Authority: Rs 913.34 crore. 
    • Kota Development Authority: Rs 420.11 crore. 
  • Urban Infrastructure & Smart Cities 
    • UIDSSMT Projects: 12 projects sanctioned, including 11 sewerage projects and 1 water supply project, with a total investment of Rs 646.24 crore. 
  • Smart Cities Initiative: 
    • Cities Selected: Jaipur, Udaipur, Kota, Ajmer. 
    • Funds Utilized: Rs 3,740.30 crore (out of Rs 3,820 crore received, as of December 2024). 
  • Housing & Land Allotment 
    • Pradhan Mantri Awas Yojana (Urban): 
    • Total Houses Sanctioned: 2,88,550. 
    • Completed: 1,96,700. 
    • Under Construction: 73,603. 
  • Land Allotment for Marginalized Communities: 
    • Vimukta, Nomadic & Semi-Nomadic Plot/Patta Allotment Drive (October 2, 2024). 
    • Total Plots/Leases Allocated: 17,156 for homeless families. 
  • Disaster Management & Mitigation Measures 
    • State Disaster Response Fund (SDRF): Rs 4,408.38 crore (as of December 2024). 
    • Utilization Areas: 
    • Agricultural subsidies. 
    • Flood-affected area repairs. 
    • Disaster mitigation (e.g., 2,130 portable lighting devices & lightning arresters installed). 
• Tourism, Art and Culture Promotion  
  • Tourist Footfall (2024) 
    • Total Visits: 2,321.56 lakh (Domestic: 2,300.84 lakh, Foreign: 20.72 lakh). 
    • Top International Tourist Destinations: Jaipur, Udaipur, Jodhpur, Jaisalmer, Ajmer. 
  • Tourism Policy & Investment 
    • Rajasthan Tourism Unit Policy (RTUP) 2024: 
      • Implemented on: December 4, 2024. 
      • Objective: Encourage private-sector tourism projects, offer incentives to investors, and create employment opportunities. 
  • Investment & Employment (2024-25, till December 2024): 
    • Approved Tourism Projects: 259 units. 
    • Total Investment: Rs 3,599.23 crore. 
    • Estimated Employment Generation: 12,000 jobs. 
  • Heritage Conservation & Artistic Endeavours 
    • Department of Archaeology & Museums: 
    • Manages: 345 protected monuments & 43 archaeological sites. 
    • Significance: Preserves cultural heritage, boosts tourism revenue. 
  • Skill Development & Safety in Tourism 
    • Rajasthan Institute of Tourism and Travel Management (RTTMAN): 
    • Focus: Enhancing workforce skills for the hospitality & tourism industry. 
    • Other Initiatives: Marketing & safety programs to improve tourism experience. 
• Sustainable Development and Green Growth 
  • Improved SDG Performance 
    • SDG Score (SDG India Index): Improved from 60 (2020-21) to 67 (2023-24). 
    • Status Upgrade: Moved from Performer to Front Runner category. 
  • District Rankings (5th Edition of Rajasthan SDG Index): 
    • Top District: Jhunjhunu (Score: 66.44). 
    • 2^nd & 3^rd Places: Nagaur & Sikar. 
  • Renewable Energy & Green Policies 
    • Integrated Clean Energy Policy, 2024: 
      • Target: 125 GW of renewable energy by 2029-30. 
    • PM Surya Ghar Free Electricity Scheme: 
      • Solar Rooftop Capacity Installed: 111.77 MW. 
      • Beneficiaries: 22,657 consumers (till December 2024). 
  • Green Development Policies: 
    • Rajasthan E-Waste Management Policy, 2023. 
    • Rajasthan Integrated Clean Energy Policy, 2024. 
    • Rajasthan Electric Vehicle Policy (RIGP), 2022. 
    • Climate Change Policy, 2023. 
• Education 
  • Educational Initiatives & Gender Inclusiveness: 
    • Model Schools: Swami Vivekananda Model Schools & PM Shri Schools improving educational access. 
    • Girls’ Education: 
      • Kasturba Gandhi Balika Vidyalayas (KGBVs): 342 schools, benefiting 43,543 girl students. 
    • Free Tablets: Distributed to 23,100 meritorious students. 
  • Vocational Training: 
    • Vocational Schools: 4,155. 
    • Students Benefited: 3.25 lakh. 
• Medical and Health 
  • Digital Health & Insurance Coverage 
    • Ayushman Bharat Health Account (ABHA) IDs Issued: 6.20 crore. 
    • Health Records Linked: 88.67 lakh (including treatment details). 
    • Rajasthan Digital Health Mission: Digitizing patient records for streamlined healthcare delivery. 
  • Government Health Schemes 
    • Mukhyamantri Ayushman Arogya (MAA) Yojana: 
      • Families Covered: 1.33 crore. 
      • Total Government Expenditure: Rs 1,675 crore (cashless treatment). 
  • Chief Minister Free Nirogi Rajasthan Scheme: 
    • Beneficiaries: 14.93 crore patients (till December 2024). 
    • Expenditure: Rs 1,221.76 crore. 
  • Rajasthan Government Health Scheme (RGHS): 
    • Families Covered: 13.65 lakh (includes government employees, pensioners, MLAs, ex-MLAs). 
    • Healthcare Claims Processed: 130.72 lakh. 
    • Total Expenditure: Rs 2,370.82 crore. 
  • Improvement in Health Indicators 
    • Infant Mortality Rate (IMR): Declined from 41.3 (NFHS-4) to 30.3 (NFHS-5) per 1,000 live births. 
    • Total Fertility Rate (TFR): Reduced from 2.4 to 2.0, indicating progress towards population stabilization. 
    • Maternal Mortality Ratio (MMR): Dropped from 141 (SRS 2017-19) to 113 (SRS 2018-20) per 1,00,000 live births. 
• Employment  
  • Unemployment Rate & Labour Force Participation 
    • Unemployment Rate: Declined from 4.9% (2022-23) to 4.7% (July 2023 – June 2024) as per Periodic Labour Force Survey (PLFS), indicating improved job opportunities. 
    • Unorganized Workers Registered: 1.43 crore workers enrolled on the state labour portal (till December 2024). 
  • Employment Guarantee Schemes 
    • Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) 
      • Total Expenditure: Rs 7,676.98 crore (till December 2024). 
      • Man-days Created: 2,309.72 lakh. 
      • Employment Provided: 53.28 lakh families benefited. 
      • 100 Days Employment Completion: 1.27 lakh families. 
    • Chief Minister Urban Employment Guarantee Scheme 
      • Families Registered: 6.53 lakh (till December 2024). 
      • Work Allotted: 1.83 lakh families in 2024-25. 
      • Total Labour Generated: 86.48 lakh man-days.