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Economy of Delhi information


Economy of National Capital Territory of Delhi
Connaught Place in New Delhi is an important economic hub of the National Capital.
Fiscal year
1 April – 31 March
Statistics
GDP$272.603 Billion (NCR; Nominal 2021–22 est.)[1][2]
$370 billion (NCR; PPP Metro GDP)[3][4][5]
GDP rank6th
GDP growth
9.18% (2023–24)[2]
GDP per capita
598,922 (US$7,500) (2021–22)[6][7]
GDP per capita rank
2nd
GDP by sector
Agriculture 2%
Industry 14%
Services 84% (2021–22)[2]
UnemploymentPositive decrease 6.6% (Nov 2020)[8]
Public finances
Budget balance
−9,194 crore (US$−1.2 billion) (2022–23 est.)[2]
Revenues61,891 crore (US$7.8 billion) (2022–23 est.)[2]
Expenses71,085 crore (US$8.9 billion) (2012–23 est.)[2]

The economy of Delhi is the 13th largest among states and union territories of India. The Nominal GSDP of the NCR was estimated at 272.603 Billion[1] and the Nominal GSDP of the NCT of Delhi for 2022-23 was estimated at 10.83 lakh crore (US$140 billion) [9] recording an annual growth of 8.1%. Growth rate in 2014-15 was 9.2%. In 2020-21, the tertiary sector contributed 85% of Delhi's GSDP followed by the secondary and primary sectors at 12% and 3% respectively. The services sector recorded an annual growth of 7.3%. Delhi is the largest commercial centre in northern India. As of 2021, recent estimates of the economy of the urban area of Delhi have ranged from $370 billion (PPP metro GDP) and it has $272.603[1][4] billion as (Nominal GDP) ranking it either the most or second-most productive metro area of India.[4][3][10][5]

In recent times, a lot of economic, manufacturing and business activities have been attracted by Noida, Gurugram, Greater Noida, Ghaziabad, Meerut and Faridabad.

A large number of population of Delhi travels daily between Noida, Greater Noida and Gurugram for jobs.[11]

  1. ^ a b c "Global Wealth GDP Nominal Distribution: Who Are The Leaders Of The Global Economy? - Full Size". www.visualcapitalist.com. Retrieved 27 March 2022.
  2. ^ a b c d e f "Delhi Budget Analysis 2022-23". PRS Legislative Research. Retrieved 3 April 2021.
  3. ^ a b "Global city GDP rankings 2008-2025". PwC. Archived from the original on 4 May 2011. Retrieved 16 December 2009.
  4. ^ a b c "Global city GDP 2014". Brookings Institution. 22 January 2015. Retrieved 8 May 2015.
  5. ^ a b Lewis, Clara (28 November 2016). "Delhi, not Mumbai, India's economic capital - Times of India". The Times of India. Retrieved 24 February 2017.
  6. ^ "Our target is to raise Delhi's per capita income to Singapores level by 2047". The Hindu. 16 November 2021. Retrieved 27 July 2022.
  7. ^ PTI (23 March 2022). "Delhi's GDP up by 50% since 2016-2017". Economic Times. Retrieved 31 December 2021.
  8. ^ "Unemployment Rate in India". Centre for Monitoring Indian Economy. Retrieved 3 November 2020.
  9. ^ "Delhi's growth to surpass national average at 9.18 %". Livemint.com. 20 March 2023. Retrieved 10 April 2023.
  10. ^ "The Most Dynamic Cities of 2025". Foreign Policy. Archived from the original on 28 August 2012. Retrieved 24 August 2012.
  11. ^ "MC Explains: Why corporates are moving away from Connaught Place in the heart of Delhi to faraway Gurugram and Noida". Moneycontrol. 11 May 2023. Retrieved 18 November 2023.

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