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Delhi forms 3% of country's GDP

delhi Updated: May 21, 2011 02:32 IST
HT Correspondent

With 1% of India's population, Delhi's contribution to the national Gross Domestic Product (GDP) is almost 3% (Rs 2,17,851) in 2009-10. While it stands ninth among 35 states and union territories in Gross State Domestic Product (GSDP), it is ranked third in terms of per capita income.

Real estate business like property dealing, banking and insurance, and hotels and restaurants are the biggest contributors to the state's economy. At 23.53% the real estate sector stood out as the biggest contributor to Delhi's GSDP in 2009-10. Banking and insurance sector, and hotels and restaurants contributed 15.64 and 19.43% respectively. According to the advanced estimates, these three sectors are expected to hold on to their respective positions this year too.

These facts have come up in the recent report on 'Estimates of State Domestic Product 2010-2011' prepared by Delhi government's directorate of economics and statistics. The report was released by chief minister Sheila Dikshit.

"One of the biggest reasons for such high GSDP is a high contribution of the tertiary or the service sector—81.83%. Service sector registers a steady growth because it is not affected by natural and other factors as in the case of agricultural and industrial sectors," said BK Sharma, director-statistics.

Delhi's per capita income continues to be more than double the national averages.

Dikshit said as per advance estimates per capita income will be Rs 1,35,814 with the annual growth rate of 16.19% over the previous year. The national per capita income for the year 2010-11 is estimated at Rs 46,492.

Goa and Chandigarh are the only two states that have better per capita income than Delhi.