Delhi’s GDP to register a growth of 13% in 2015-16: Sisodia
The GDP of the national capital is expected to register a growth of 13 per cent in 2015-16 compared to the previous fiscal, Deputy Chief Minister Manish Sisodia saidUpdated: May 06, 2016 21:50 IST
The GDP of the national capital is expected to register a growth of 13 per cent in 2015-16 compared to the previous fiscal, Deputy Chief Minister Manish Sisodia said.
The announcement was part of the “Estimates of State Domestic Product 2015-16” of Delhi brought out by Delhi Government’s Directorate of Economics and Statistics. The estimates have been prepared with new base year 2011-12.
“The Gross State Domestic Product (GSDP) in Delhi at the current prices for the year 2015-16 is estimated at 5,58,745 crore against 4,94,460 crore in 2014-15, registering a growth of 13%.
“The contribution of Delhi in total GDP (at current prices) at the national level is 4.12 per cent as compared to 1.43 per cent share of the city in total population of the country,” Sisodia said.
According to the estimates, the per capita income of Delhi is expected to be 2.8 lakh for the year 2015-16 against 2.5 lakh during 2014-15 registering an annual growth of 11.16% over the previous year, which is almost three times the national average.
“Among all States/UTs Delhi’s rank is second. While comparing with neighbouring state the per capita income in Haryana is Rs 1.50 lakh and Punjab is Rs 1.15 lakh in 2014-15 The per capita income of Delhi is about three times higher than the national average of Rs 93,231 for 2015-16,” Sisodia said.
The minister added that the share of service sector in Delhi’s economy is about 82.3% followed by secondary sector at 15.5% and primary sector at 2.2%.
“The share of manufacturing sector is about 8.80%, construction sector is 4.01%, trade hotels and restaurant is 14.97%, financial services is 15.40% and the maximum share of 26.82% is from real estate, ownership of dwellings camp; professional services,” he said.