Economic Survey of Delhi 2016-2017

According to the Delhi Government, the economy of the national Capital is booming with the Gross State Domestic Product (GSDP) estimated to grow at 12.76 per cent in 2016-17. It claimed that the advance estimate of Delhi at current prices during 2016-17 is likely to attain level of Rs 6,22,385 crore. However, in terms of constant prices, which does not take inflation into account, the economy growth rate saw a decline from 8.82 per cent in 2015-16 to 8.26 per cent in 2016-17 as per advance estimates. As per the Economic Survey tabled in the Delhi Assembly, Delhi's per capita income was almost three times of the national average, both at current and constant process.

The advance estimate of Net State Domestic Product (NSDP) of Delhi is likely to attain a level of Rs 5,65,655 crore in 2016-17 which is estimated to grow at 12.88 per cent, underlined the survey. The survey highlighted that Delhi's economy has a predominant service sector with its share of contribution to GSVA at 82.26 per cent during 2016-17 followed by contribution of secondary and primary sectors. The per capita income of Delhi at current prices reached Rs 2,73,618 in 2015-16 as compared to Rs 2,49,004 in 2014-15 and Rs 2,29,518 in 2013-14. The advance estimate of per capita income of Delhi at current prices during 2016-17 estimated at Rs 3,03,073.

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