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Delhi’s economy grew despite ‘Centre’s hurdles’, says Delhi FM Atishi

Tabling the Economic Survey of Delhi (2023-24) in the assembly, she said the growth is an achievement of the AAP government under the leadership of CM Arvind Kejriwal.

Delhi’s economy grew despite ‘Centre’s hurdles’, says Delhi FM Atishi

Delhi Finance minister Atishi

Tabling the Economic Survey of Delhi (2023-24) in the assembly on Friday, Delhi Finance Minister Atishi said the economy, revenue, and per capita income of the national capital grew under the leadership of Chief Minister Arvind Kejriwal despite all the “obstacles” created by the Centre.

Calling it an achievement of the Arvind Kejriwal-led AAP Government, Atishi asserted, “As long as Kejriwal is there, Delhi’s development will not stop. The government’s efforts will not stop.”

She announced in the House that she would present the Budget on 4th March.

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The Economic Survey of Delhi (2023-24) read, “GSDP (Gross State Domestic Product) of Delhi at current prices during 2023-24 is likely to reach 11,07,746 crore at a growth of 9.17 per cent over 2022-23. The GSDP of Delhi in 2022-23 was 10,14,000 crore. In post-Covid times, our real GSDP grew at 8.76 per cent in 2021-22 and 7.85 per cent in 2022-23, faster than the rest of the country.”

Delhi’s accounts for 1.5 per cent of the population of India while its GSDP contributes nearly 3.9 per cent to the country’s GDP (Gross Domestic Product), it notes.

“The per capita income of Delhi was Rs 3,76,217 in 2021-22 which increased to 4,61,910 in 2023-24. This is an increase of 22 per cent in 2 years. Delhi’s per capita income is 2.5 times of national per capita income,” the survey claims.

According to the survey, Delhi’s inflation rate was 2.81 per cent in January to December 2023 against the 5.65 per cent national inflation rate during the same period.

The unemployment rate in the national capital in 2020-21 (post-Covid) was 6.3 per cent and 1.9 per cent in 2022-23, it points out.

The report stated that Delhi’s tax collection registered a growth of 18 per cent during 2022-23. In 2021-22, Delhi recorded a revenue surplus of Rs 3,270 crore; which increased to Rs 14,457 crore in 2022-23.

The ratio of interest payment to revenue receipts declined to 5.21 per cent in 2022-23 from the high ratio of 11.20 per cent in 2012-13, according to the survey.

The survey says, “Delhi gives free electricity, water, health, education, bus rides for women, teerth yatras for elderly and still has a growing economy with a revenue surplus.”

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