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About Delhi: Information on Industries in Delhi, Economy, Growth & Geography

April, 2018

Delhi is the capital of the Republic of India and also a state for administrative purposes. It is one of the largest metropolises in the country. Delhi shares its borders with the states of Uttar Pradesh and Haryana. It is the centre of international politics, trade, culture and literature in India.

Delhi is one of the fastest growing states of the country. At current prices, the Gross State Domestic Product (GSDP) of Delhi was US$ 96.5 billion in 2016-17. Between 2011-12 and 2016-17, the GSDP of the state grew at a compound annual growth rate (CAGR) of 7.28 per cent. At current prices, the Net State Domestic Product (NSDP) of Delhi was US$ 87.79 billion in 2016-17.

Delhi has an attractive real estate market and is a preferred tourist destination. Owing to its location, connectivity and rich cultural history, Delhi has always been a prime tourist attraction of the country.

The Government of Delhi has been committed towards creating a progressive business environment. The new Industrial Policy 2010-21 aims to provide a conducive environment for knowledge-based and hi-tech IT/ITeS industries in Delhi.

According to the Department of Industrial Policy & Promotion (DIPP), FDI inflows in Delhi, including part of Uttar Pradesh and Haryana, stood at US$ 74.150 billion from April 2000 to September 2017.

Recent Developments:

  • The State Government allocated a plan outlay of US$ 340.5 million for the development of Energy sector in the state and US$ 483.1 million was allocated to housing and urban development in 2017-18.
  • As of September 2017, Government of India had undertaken highway projects worth Rs 34,000 crore (US$ 5.29 billion) to decongest the national capital.

Key Sectors:

  • National Capital Region (NCR) is India’s biggest milk market. The organised milk market in the region, estimated at five million litres per day, is growing at 6-8 per cent annually.
  • Delhi Development Authority (DDA) has reduced the minimum area requirement for farmhouses to 1 acre from 2.5 acres earlier. The revised norm offers owners of an estimated 2,700 farmhouses in the city the opportunity to downsize and monetise their surplus property.
  • As per the new Industrial Policy for Delhi 2010-21, the Government is keen on developing and promoting the hi-tech, sophisticated, knowledge-based IT and ITeS industries in the state. For this, the Government has planned to set up ‘Centre of Excellence’ to promote innovation and entrepreneurship in the sectors.