With reference to Indian economy, consider the following statements : 1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade. 2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade. Which of the statements given above is/are correct?

Statement 2 is correct because India’s GDP at market prices (absolute value) has consistently increased year-on-year over the last decade, as any positive growth rate adds to the total value. Statement 1 is incorrect because the "rate of growth" of Real GDP fluctuated significantly due to factors like the 2008 global financial crisis, meaning it did not follow a "steady" or monotonic upward trend. The core concept tested is the distinction between the absolute magnitude of the economy (GDP) and the annual percentage change in its output (Growth Rate).