Economy of Delhi
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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[update], 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]
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 rank | 6th |
GDP growth | 9.18% (2023–24)[2] |
GDP per capita | ₹598,922 (US$7,500) (2021–22)[6][7] |
GDP per capita rank | 2nd |
GDP by sector | Agriculture 2% Industry 14% Services 84% (2021–22)[2] |
Unemployment | 6.6% (Nov 2020)[8] |
Public finances | |
₹−9,194 crore (US$−1.2 billion) (2022–23 est.)[2] | |
Revenues | ₹61,891 crore (US$7.8 billion) (2022–23 est.)[2] |
Expenses | ₹71,085 crore (US$8.9 billion) (2012–23 est.)[2] |
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]