Delhi's GDP at Rs 3 lakh cr for 2011-12

The gross state domestic product (GSDP) of Delhi at current prices for the year 2011-12 has been estimated at Rs 3.13 lakh crore, which is an increase of 18.7 per cent over the previous fiscal.

As per a Delhi Government report released today by Chief Minister Sheila Dikshit, the contribution of Delhi towards the national GDP has been 3.8 per cent in 2011-12 while having 1.4 per cent share in total population of the country.

The report said the economy of the city grew at 11.43 per cent during 2011-12 against 10.92 per cent in 2010-11.

The Chief Minister who also holds the finance portfolio, while releasing the report said the gross state domestic product (GSDP) of Delhi at the current prices for the year 2011-12 has been estimated at Rs 3,13,934 crore against Rs 2,64,496 crore in 2010-11.

However, the GSDP, at constant prices have been estimated at Rs 2,13,429 crore in 2011-12 against Rs 1,91,696 crore in the previous fiscal.

The growth in GSDP at constant prices was recorded at 11.3 per cent in 2011-12 as compared to 6.9 at the national level, said the report.

As per the report, the share of service sector in GSDP of Delhi was about 82 per cent followed by secondary sector at 17 per cent and primary sector at 0.87 per cent. The primary sector comprises agriculture and allied services while secondary sector consists of construction and manufacturing sectors.

Dikshit said the city was developing as a major centre of service sector including IT-enabled services leaving behind neighbouring cities like Noida and Gurgaon.

The contribution of manufacturing sector, construction sector and hotels and restaurant to the GSDP was estimated at 5 per cent, 9.6 per cent and 19 per cent respectively.

Among the services sector, maximum share of 39 per cent contribution came from financial, insurance real estate services.

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