As per Economic Survey 2024-25, social services expenditure registered an annual growth rate of _____ between FY 2021 and FY 2025.
Show answer & explanation
Correct answer: B
Explanation
Correct Answer:
15%
Explanation:
According to the Economic Survey 2024-25, the General Government's expenditure on social services grew at a Compound Annual Growth Rate (CAGR) of 15% between FY 2021 and FY 2025. This expenditure broadly encompasses education, health, and other social sectors like housing, water supply, and sanitation. The share of social services expenditure in total government expenditure increased from 23.3% in FY 2021 to 26.2% in FY 2025 (BE).
Additional Points:
Within social services, health sector expenditure witnessed a robust CAGR of 18%, while education expenditure grew at a CAGR of 12% over the same period.
Important Questions and Answers:
Question: What was the CAGR recorded for health sector expenditure between FY 2021 and FY 2025 as per the Economic Survey 2024-25?
Answer: 18%.
Question: What are the three primary components constituting social services expenditure?
Answer: Education, health, and other social sectors.