New Delhi   

Economic Survey of the Capital released

Staff Reporter

NEW DELHI: Delhi's Finance and Planning Minister A.K. Walia on Tuesday released the Economic Survey of Delhi for the year 2005-06. The survey provides analytical data for a large number of sectors like public finance, prices, environment, industries, energy, transport, urban development, sanitation, education, health, social welfare, rural development, trade and commerce.

The survey indicates the present fiscal status of Delhi, which is almost at par with full-fledged States.

Devolution of funds

However, the devolution of funds recommended by the Finance Commission for the State is not applicable to Delhi. Dr. Walia said there was a fiscal surplus of Rs.245 crores in 2005-06. This is a distinct fiscal scenario in the case of Delhi as almost all other States are facing the problem of controlling the fiscal deficit. The survey reveals that Delhi's own tax revenue was 7.83 per cent of the Gross State Domestic Product in 2004-05 as compared to the all-States level of 6 per cent of GDP during the year.

The GSDP of Delhi at current prices was estimated at Rs.90,733 crores during 2004-05, indicating a 12.6 per cent growth over the previous year.

The Net State Domestic Product at current prices for the year 2004-05 is estimated at Rs.83,085 crores with a growth of 12.4 per cent over the previous year.

Hotels and restaurants

Dr. Walia said that trade, hotels and restaurants taken together accounted for 19.63 per cent of Delhi's GSDP in 2004-05. The contribution of this sector in GSDP has increased from Rs.15,165 crores in 2002-03 to Rs.19,526 crores in 2004-05 indicating an annual growth of 10.31 per cent during the first three years of the Tenth Five Year Plan.

Dr. Walia disclosed that Delhi's own tax revenue had registered an average annual growth of 19.04 per cent in the first four years of the Tenth Plan as compared to the average annual growth of 14.72 per cent during the corresponding period of Ninth Plan.This reflects better tax management by the Government during the Tenth Plan period.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

`Happening Delhi' at the Trade Fair
The big show begins
Showcasing high-quality plays, dances
Court pulls up Enforcement Directorate
Economic Survey of the Capital released
`Councillors should quit'
Civic bodies directed to notify hawking zones
Man sets himself afire at ITO
Prosecution evidence in Jessica case fabricated: Jethmalani
Making history in Hindi publishing
Children's camp inaugurated
Children's day out at Rashtrapati Bhavan
"Shanti Diwas"
24 children to get National Bravery Awards
Decision on judge elevation reiterated
Around the City
Briefly
In the Capital Today

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu