Delhi's Economy
Economy of Delhi has shown tremendous growth over the past few years. Delhi has a strong and vibrant economy which is quite vivid from its Gross Domestic Product. According to economic survey of Delhi- 2000-2001, Delhi's GDP was 478 billion INR and per capita income of 38,860 INR. The annual economic growth rate of Delhi was 9.9%. Taking out some excerpts from the economic survey of Delhi, the tertiary sector contributed to 78.4% of Delhi's GDP with secondary and primary sectors contributing 20.2% and 1.4% respectively.
Well, the tertiary sector we are talking about basically comprises of service sectors like trade, real estate, hotels, restaurants, financing, banking, insurance, business services and other service centered industries. The contribution from this particular industry increased from 70.47% in 1993-94 to 78.39% for the year 2000-2001. Thanks to the flexible and investor friendly policies of the government.
If we look at the reason behind Delhi's growth, we find that it is attributed to a number of reasons. However, pointing a few out, we can say that Delhi has always been the market place of Northern India and has various industries like textile, handloom, arts and crafts. Delhi also happens to be an important trade route between Punjab and Gangetic plains, which makes it an important trade center and manufacturing hub.
Infrastructure
Delhi Metro Rail
Airports in Delhi
Delhi Transportation
Hospitals in Delhi
Delhi Education
Growth in Delhi's economy can also be attributed to the fact that several new industries have evolved over the years and contributing to Delhi's industrial growth. These industries include jewellery, export, embroidery, silver vases, textile, fashion, corporate industries, BPO, IT, ITES and many others. The city's economy is primarily dependent on these industries and the service industry of the city adds to the overall GDP growth.
