Economy of Delhi

Economy of National Capital Territory of Delhi
Connaught Place in New Delhi is an important economic hub of the National Capital.
1 April – 31 March
Statistics
GDP$272.603 billion (NCR; Nominal )[1][2]
$370 billion (NCR; PPP Metro GDP)[3][4][5]
GDP rank6th
GDP growth
9.18% (2023–24)[2]
GDP per capita
$11,300 (2023–24)(Nominal)[6][7][8]
GDP per capita rank
2nd
GDP by sector
Agriculture 2%
Industry 14%
Services 84% (2021–22)[2]
UnemploymentPositive decrease 6.6% (Nov 2020)[9]
Public finances
₹−9,194 crore (US$−1.1 billion) (2022–23 est.)[2]
Revenues₹61,891 crore (US$7.4 billion) (2022–23 est.)[2]
Expenses₹71,085 crore (US$8.5 billion) (2022–23 est.)[2]
All values, unless otherwise stated, are in US dollars.


The economy of Delhi is the 12th largest among states and union territories of India. The Nominal GSDP of the NCR was estimated at 272.603 Billion[1] and the Nominal GSDP of the NCT of Delhi for 2023-24 was estimated at ₹11.07 lakh crore (US$130 billion)[10][11] recording an annual growth of 9.2%. Growth rate in 2014-15 was 9.2%. In 2020-21, the tertiary sector contributed 85% of Delhi's GSDP followed by the secondary and primary sectors at 12% and 3% respectively. The services sector recorded an annual growth of 7.3%. Delhi is the largest commercial centre in northern India. As of 2021, recent estimates of the economy of the urban area of Delhi have ranged from $370 billion (PPP metro GDP) and it has $272.603[1][4] billion as (Nominal GDP) ranking it either the most or second-most productive metro area of India.[4][3][12][5]

In recent times, a lot of economic, manufacturing and business activities have been attracted by Noida, Gurugram, Greater Noida, Ghaziabad, Meerut and Faridabad.

A large number of population of Delhi travels daily between Noida, Greater Noida and Gurugram for jobs.[13]

  1. ^ a b c "Global Wealth GDP Nominal Distribution: Who Are The Leaders Of The Global Economy? - Full Size". www.visualcapitalist.com. Retrieved 27 March 2022.
  2. ^ a b c d e f "Delhi Budget Analysis 2022-23". PRS Legislative Research. Retrieved 3 April 2021.
  3. ^ a b "Global city GDP rankings 2008-2025". PwC. Archived from the original on 4 May 2011. Retrieved 16 December 2009.
  4. ^ a b c "Global city GDP 2014". Brookings Institution. 22 January 2015. Retrieved 8 May 2015.
  5. ^ a b Lewis, Clara (28 November 2016). "Delhi, not Mumbai, India's economic capital - Times of India". The Times of India. Retrieved 24 February 2017.
  6. ^ "What is the economic composition of Delhi". metroverse.cid.harvard.edu. Retrieved 16 August 2024.
  7. ^ "Our target is to raise Delhi's per capita income to Singapores level by 2047". The Hindu. 16 November 2021. Retrieved 27 July 2022.
  8. ^ PTI (23 March 2022). "Delhi's GDP up by 50% since 2016-2017". Economic Times. Retrieved 31 December 2021.
  9. ^ "Unemployment Rate in India". Centre for Monitoring Indian Economy. Retrieved 3 November 2020.
  10. ^ "Delhi's economy pitched to grow at 9.2%". The Times of India. Retrieved 16 August 2024.
  11. ^ "Delhi's growth to surpass national average at 9.18 %". Livemint.com. 20 March 2023. Retrieved 10 April 2023.
  12. ^ "The Most Dynamic Cities of 2025". Foreign Policy. Archived from the original on 28 August 2012. Retrieved 24 August 2012.
  13. ^ "MC Explains: Why corporates are moving away from Connaught Place in the heart of Delhi to faraway Gurugram and Noida". Moneycontrol. 11 May 2023. Retrieved 18 November 2023.