Delhi’s per capita income likely to be Rs 2.8 lakh

Releasing the “Estimates of State Domestic Product — 2015-16” of the national capital on Saturday, deputy chief minister Manish Sisodia said the per capita income of the city has been fast increasing year by year and is expected to be Rs 2,80,142 for the year 2015-16 against Rs 2,52,011 during 2014-15. The estimates have been prepared on the basis of a new base year — 2011-12.

Mr Sisodia said the per capita income of the national capital shows an annual growth of 11.16 per cent over the previous year. Delhi is ranked second among all states and Union Territories. Comparing Delhi with neighbouring Haryana, he said the per capita income in Haryana in 2014-15 was Rs 1.50 lakh and in Punjab it was Rs 1.15 lakh. “The per capita income in Delhi is about three times higher than the national average of Rs 93,231 for 2015-16,” said Mr Sisodia.

According to Mr Sisodia, the gross state domestic product (GSDP) in Delhi at current prices for the year 2015-16 is estimated at Rs 5,58,745 crore against Rs 4,94,460 crore in 2014-15, registering a growth of 13 per cent.

“As regards the real growth in GSDP at constant prices in Delhi during 2015-16, it is 8.34 per cent as compared to 7.6 per cent at the national level. The contribution of Delhi to total GDP (at current prices) at the national level is 4.12 per cent as compared to the 1.43 per cent share of Delhi in the total population of the country,” added Mr Sisodia.

As per the state domestic product report, the service sector is a major contributor to the economy of the national capital. “The share of the service sector in Delhi’s economy is about 82.3 per cent, followed by the secondary sector at 15.5 per cent and primary sector at 2.2 per cent. The share of the manufacturing sector is about 8.80 per cent, of the construction sector 4.01 per cent, trade hotels and restaurant 14.97 per cent, and of financial services 15.40 per cent, and the maximum share, 26.82 per cent, is from real estate, ownership of dwellings and professional services,” said the deputy CM.

Mr Sisodia claimed the economy of Delhi is going forward on the path of sustainable growth in a considerable manner.