As per the new series of estimates of state domestic product of Delhi with base year 2011-12, the GDP of the national capital at current prices is expected to show a growth of 13 per cent, from Rs 494,460 crore in 2014-15 to Rs 558,745 crore in 2015-16.
Delhi deputy chief minister Manish Sisodia’s proposed budget said that in real terms at constant prices, the growth of GSDP in 2015-16 is expected to be 8.34 per cent, which exceeds 7.6 per cent at the national level. The captains of the industry termed the budget as comprehensive in addressing the issues of the citizens and meeting their expectations.
While Delhi has only 1.43 per cent of the country’s total population, its contribution to the national level GDP has increased from 3.93 per cent in 2011-12 to 4.02 per cent in 2015-16. The contribution of tertiary sector in GSDP of Delhi is 82.3 per cent followed by 15.5 per cent of secondary sector and 2.2 per cent of primary sector.
The proposed budget said that the per capita income of Delhi at current prices was likely to increase from Rs 2,52,011 in 2014-15 to Rs 2,80,142 in 2015-16. This shows 11 per cent growth in the per capita income of Delhi. While the per capita income at national level has increased from Rs 86,879 in 2014-15 to Rs 93,231 in 2015-16, it is about three times less than that of the national capital.
The AAP government also expects a growth of 17 per cent in tax revenue in the current year as compared to 2.64 per cent during 2014-15. In case of state excise, the government is expecting a growth of 31 per cent in 2015-16 as compared to 8.60 per cent in 2014-15.
Meanwhile, the Confederation of Indian Industry said the proposed budget was comprehensive in addressing the issues of the citizens and industry and meeting their expectations.
Feedback Infra Private Limited Group managing director Rumjhum Chatterjee said, “This has been not only a very positive budget that has kept the needs of the common man in focus, it has also been a participative process with a clear strategy and prioritisation of objectives. The budget will certainly improve the quality of life of Delhi’s Citizens in the short to medium term.”
DCM Shriram Industries Limited director Madhav B. Shriram said that the textile industry in Delhi was very optimistic with this budget.
