Description
The government has been working to transform Delhi into a world-class city, according to the Economic Survey. Delhi's per capita income increased by 14.18% to Rs 4,44,768 in 2022-23 at current prices from Rs 3,89,529 in 2021-22, according to the Delhi Economic Survey presented to the assembly on Monday. Delhi's per capita income is about 2.6 times the national average, both at current and constant prices. It was Rs 3,31,112 in 2020-21.
Delhi government tax collection recorded a "huge" growth rate of 36% in 2021-22 (provisional) compared to negative growth of 19.53% in 2020-21 due to the COVID-19 pandemic, according to the investigation presented by said State Finance Minister. Kailash Gahlot.
However, PSA's outstanding public debt increased to Rs 41,481.50 crore as of March 31, 2022 from Rs 29,608.27 crore in 2011-2012, according to the survey.
"Overall economic activity in Delhi has recovered faster than the national level, well beyond pre-pandemic levels. In the years 2021-22 and 2022-23, a strong recovery of Delhi's real GDP with growth of 9.14% and 9.18% percent, respectively, is based on a weak base effect and the inherent strengths of the economy,” he said.
The advance estimate of the Delhi State Gross Domestic Product (GSDP) at current prices in 2022-23 is expected to reach a level of Rs 10,43,759 crore, showing a growth rate of 15.38% during 2021- 22.
Delhi's previous estimate of the GSDP at constant prices in 2022-23 was recorded at Rs 6,52,649 crore, showing a growth rate of 9.18% during 2021-22, it said.
The city's economy is mainly driven by the service sector with its share of the contribution to the gross value added of the state (at current prices) at 84.84% in 2022-23, followed by the contribution of the secondary sector at 12.53% and the primary sector at 2.63%. percent.
Delhi maintained its revenue surplus, which increased to Rs 3,270 crore in 2021-22 (tentative) from Rs 1,450 crore in 2020-21, according to the economic survey. Delhi's revenue surplus was 0.36% GSDP in 2021-22 and 0.73% in 2022-23 (budget estimate), it said.
The Delhi government has been working to transform Delhi into a world-class city and meet the aspirations of its citizens by making it an inclusive, equitable and livable global city, the report says.
The transport sector has been assigned a significant part of around 20% of the total budgetary allocation of plans, programs and projects, followed by education, water supply and sanitation, 17%, 15% and medicine and public health, 13%. , in 2022 -23, he added.
