At Rs.1,35,814 it ranks third highest in the country, reveals report

The per capita income of Delhi at current prices for the year 2010-11 ranked third among all States and Union Territories in the country, only behind Goa and Chandigarh, Chief Minister Sheila Dikshit said on Friday while releasing a report on Estimates of State Domestic Product of Delhi that has been prepared by the Directorate of Economics and Statistics of the Delhi Government as per methodology suggested by the Central Statistics Organisation (CSO).

Giving out the finer details of the report, Ms. Dikshit said as per advance estimates the per capita income of Delhi will be Rs.1,35,814 showing an annual growth rate of 16.19 per cent over the previous year.

The Capital city has also shown a faster rate of growth in per capita income. Ms. Dikshit said in the year 2009-10 the per capita income of Delhi at current prices was Rs.1,16,886 and had shown an annual growth rate of 15.29 per cent over the previous year. The PCI was much higher that year than the national average of Rs.46,492. It was also the third highest after Goa at Rs.1,32,719 and Chandigarh at Rs.1,20,912.

The Chief Minister, who also holds the Finance portfolio, said the high PCI is also attributable to the minimum wages in Delhi which are the highest in the country. She said the PCI has been constantly rising in Delhi from Rs.61,560 in 2004-05 to Rs.1,01,381 in 2008-09 to Rs.1,16,886 in 2009-10 and Rs.1,35,814 in 2010-11. “The trend reveals that satisfaction level of all Delhiites has gone up,'' she said, adding that the PCI in Delhi has always been around two and a half times that of the average national figure.

The report also revealed that during the 10th Five Year Plan -- 2002-03 to 2006-07 – the average annual growth of Gross State Domestic Product (GSDP) was recorded at 15.13 per cent at current price and for the period of 2007-08 to 2009-10 of the 11{+t}{+h}Five Year Plan the annual growth was around 17.19 per cent.

Ms. Dikshit said Delhi's GSDP at Rs.217,851 crore at current prices stood at the ninth position among all the States and Union Territories as far as total GSDP was concerned. Incidentally, it was even higher than that of its big neighbour Haryana, which ranked 11{+t}{+h}on the list. The Chief Minister said the percentage growth of GSDP of Delhi for the year 2009-10 was also high at 18.10 per cent as against the national average of 16.1 per cent.

Overall the percentage growth of GSDP of Delhi was at the sixth place.

As per the advance estimates for 2010-11, the GSDP of Delhi is likely to grow at an even faster rate of 18.80 per cent and attain a level of Rs.2,58,808 crore.

The data has again established that Delhi is primarily a service-sector oriented economy.

The contribution of tertiary sector (trade, hotels, restaurants, communication, banking, real estate and other services) in the total GSDP has increased from 80.46 per cent in 2004-05 to 82.27 per cent in 2010-11 touching Rs.212,924 crore.

The contribution of secondary sector (manufacturing and construction) comes second at 17.11 per cent for the year 2010-11.

And the share of primary sector (agriculture and forestry) in GSDP at current prices for the year 2010-11 reveals that it has reached a low of 0.61 per cent respectively -- from 1.09 per cent in 2004-05.