Delhi’s GDP gets Rs 2.98 lakh crore from services sector
The estimated amount of Delhi’s gross domestic product (GDP) is Rs 3.65 lakh. Among which services sector, including real estate, hotels, restaurants, banking, insurance, wholesale and retail trade, contributed a whopping Rs 2.98 lakh crore. Despite the slowdown in the economy, the service sector sustained its position as prime driver of the city’s economy.
As per the advanced estimated value of Delhi Government, the service sector contributed Rs 2.98 lakh crore to Delhi’s GDP in 2012-13 compared to the Rs 2.53 lakh crore in the previous fiscal.
The primary sector, consisting agriculture and allied services, contributed an estimated 0.77 percent, whereas the secondary sector, consisting construction and manufacturing sectors, contributed 17.69 percent in Delhi’s GDP in 2012-13. In the year 2012-13, service sector contributed Rs 1.89 lakh crore to Delhi’s economy.
As per some reports, Delhi’s GDP right now has increased to Rs 3.65 lakh crore in 2012-13 from Rs 3.10 lakh crore in 2011-12 which is a growth of 17.70 percent.
According to a data, the fiscal deficit of Delhi government was Rs 2, 545 crore in 2011-12, which is 0.82 percent of GDP when compared to fiscal deficit of 5.5 percent of the Government of India during the same year.
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