Latest update: June, 2020
Delhi is one of the fastest growing states/union territories in the country. At current prices, Gross State Domestic product (GSDP) of Delhi increased at a CAGR (in Rs) of 11.79 per cent between 2015-16 and 2019-20 to reach Rs 8.56 trillion (US$ 122.49 billion). Per capita GSDP (in Rs) increased at a CAGR of 9.48 per cent between 2015-16 and 2019-20 to reach Rs 427,308 (US$ 6,062).
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 average daily line utilization of Delhi Metro is 56.61 lakh per day by January 2020.
The Government of Delhi is 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.
Delhi has a large skill base. Around 30 per cent of the workforce is qualified for occupations such as engineering, medicine, law, and consultancy. Among all the states, Delhi has the largest share of skilled workforce, making it suitable for knowledge-based economic activities such as IT/ITeS, designing, R&D and financial services.
According to Department for Promotion of Industry and Internal Trade (DPIIT), Foreign Direct Investment (FDI) inflow in Delhi, including part of Uttar Pradesh and Haryana, stood at US$ 96.41 billion between April 2000 and March 2020.
Some of the major initiatives taken by the Government to promote Delhi as an investment destination are:
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