Per‑capita health expenditure in India rose from Rs 1,500 in 2019‑20 to Rs 2,200 in 2023‑24. If the health sector’s share in GDP in 2023‑24 is 5% and the total GDP that year is Rs 180 lakh crore, estimate the monetary value of the health sector’s output in 2023‑24.
Answer
Rs 9 lakh crore
The correct answer is Rs 9 lakh crore — Calculate 5% of 180 lakh crore: 0.05 × 180 = 9 lakh crore.
Step-by-step solution
- Compute the total GDP value: 180 lakh crore.
- Calculate 5% of 180 lakh crore: 0.05 × 180 = 9 lakh crore.
Common mistake: Misapplying the percentage or using incorrect units
Concept tested: Calculating sectoral GDP value
Published · How this solution was prepared and checked
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