Services sector contributes Rs 2.98 lakh crore to Delhi’s GDP
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The services sector contributed a whopping Rs 2.98 lakh crore to Delhi’s GDP of Rs 3.65 lakh crore in 2012-13, retaining its position as prime driver of the city’s economy and reflecting sustained growth and buoyancy in the sector despite the slowdown.
At current prices, the services sector contributed Rs 2.98 lakh crore to Delhi’s GDP in 2012-13 against Rs 2.53 lakh crore in the previous fiscal, as per advanced estimates of the Delhi government.
The service sector, which includes real estate, hotels, restaurants, banking, insurance, wholesale and retail trade, accounted for 81.54 per cent of Delhi’s total GDP during the current fiscal compared to an 81.62 per cent contribution during the previous fiscal year.
The share of secondary sector to the GDP was 17.69 percent while primary sector’s contribution has been estimated at 0.77 per cent in 2012-13. The primary sector comprises agriculture and allied services, while secondary sector consists of construction and manufacturing sectors.
As per the estimates, the secondary sector contributed Rs 64,718 crore at current prices to the GDP in 2012-13 against Rs 54,321 crore in the previous fiscal.
The share of primary sector in the current fiscal was Rs 2,813 crore against Rs 2,774 crore in 2011-12. At constant prices, the contribution of services sector to Delhi’s economy in 2012-13 was estimated at Rs 1.89 lakh crore.
According to the figures, the gross domestic product of Delhi at current prices 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 per cent.
At constant prices, the gross domestic product for 2012-13 was recorded at Rs 2.20 lakh crore as against 2.02 lakh crore in 2011-12. As per the data, the fiscal deficit of Delhi government was Rs 2,545 crore in 2011-12, which is 0.82 per cent of GDP as compared to estimated fiscal deficit of 5.5 per cent of the government of India during the same year.
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