The Gross State Domestic Product (GSDP) of Delhi grew by 12.61 per cent in 2016-17 as compared to the previous year.
Manish Sisodia, Deputy Chief Minister of Delhi, while releasing the Estimates of State Domestic Product 2016-17 on Monday said, “The economy of Delhi is going forward on the path of sustainable growth in a considerable manner. The rank of Delhi as per the estimates of GSDP is much better than some of the states such as Madhya Pradesh, Bihar, Punjab, Haryana and Odisha.”
The estimates have been prepared with the new base year 2011-12. The GSDP, representing the value of all the services and goods produced within the state, is an important indicator to measure the economy.
The GSDP in Delhi at the current prices for the year 2016-17 is estimated at Rs 6,22,385 crore against Rs 5,51,963 crore in 2015-16, registering a growth of 12.76 per cent, Sisodia said.
The real growth in GSDP at constant prices in Delhi during 2016-17 is 8.26 per cent as compared to 7.1 per cent at the national level.
The report showed that Delhi’s contribution in the country’s GDP (at current prices) was 4.08 per cent even though its population share is just 1.4 per cent of the total population of the country.
The estimates, brought out by the Delhi government’s Directorate of Economics and Statistics, have been prepared with the new base year 2011-12.
The share of service sector in Delhi’s economy is about 82.26 per cent, followed by the secondary sector 14.84 per cent and the primary sector 2.90 per cent, he added.
According to the Estimates of State Domestic Product the Per Capita Income of Delhi has been fast increasing year by year.
It is expected to be Rs 3,03,073 for the year 2016-17 against Rs 273618/- during 2015-16. “This reveals annual growth of 10.76percent over the previous year as against 10.2 per cent at national level.
“Among all States/UTs, Delhi’s rank is 1st, while Goa at second with Rs 2,70,150 percent and Chandigarh is stood at third position with Rs 2,42,386 Per Capita Income during 2015-16,” said Sisodia.