Delhi's per capita income expected to grow by Rs 29,000 in 2017-18

The per capita income of Delhi at current prices is expected to increase by nearly Rs 29,000 in the current financial year, according to the Economic Survey of the national capital tabled today in the state Assembly.

As per the survey report, Delhi has second highest per capita income in the country, which is three times more than of the national average.

"The per capita income of Delhi at current prices reached at the level of Rs 3,00,793 in 2016-17 as compared to Rs 2,7,1305 in 2015-16 and 2,49,635 in 2014-15. The advance estimate of per capita income of Delhi at current prices during 2017-18 estimated at Rs 3,29,093," it stated.

The average per capita income of Delhi remained more than 2.5 lakh in three consecutive years i.e. 2015-16, 2016-17 & 2017-18. Delhi's per capita income was almost three times of the national average, both at current and constant prices.

According to the report, the Gross State Domestic Product of Delhi (GSDP) at constant prices recorded at Rs 4,74,058 crore, during 2015-16 showed a growth of 10.53 per cent over the preceding year.

The GSDP of Delhi at constant prices increased to Rs 5,14,871 crore during 2016-17 indicating a growth of 8.61 per cent. The advance estimate of the GSDP of Delhi at constant prices during 2017-18 was recorded at Rs 5,56,800 crore at a growth of 8.14 per cent over 2016-17.

"Delhi's economy has a predominant service sector with its share of contribution to GSVA followed by contribution of secondary and agriculture sectors. More than 80 per cent of income of Delhi was from service sector, about 12 per cent from secondary sector and about 2 per cent from the primary sector.

"The tertiary sector plays a pivotal role in the state economy both in terms of employment generation and contribution to state income," it stated.