The Delhi government faced this challenge in collaboration with the Centre, Baijal said in his address in the Assembly on the first day of the budget session.
Delhi Assembly (File Photo)
Delhi s GSDP contracts by 3.9 pc to Rs 7.9 lakh crore in FY 21: Eco Survey ANI | Updated: Mar 08, 2021 14:43 IST
New Delhi [India], March 8 (ANI): The advance estimates show Delhi s gross state domestic product (GSDP) at current prices during 2020-21 at Rs 798,310 crore, marking a contraction of 3.92 per cent over the previous year, the Economic Survey showed on Monday.
The GSDP at current prices increased by about 45 per cent in the last six years from Rs 550,804 crore in 2015-16 to Rs 798,310 crore in the current financial year, according to the survey presented by Delhi Deputy Chief Minister Manish Sisodia.
Delhi economy projected to contract by 5.68 per cent in FY’21
PTI
New Delhi |
Updated on
March 08, 2021
× The economy of Delhi is expected to contract by 5.68 per cent in real terms due to the impact of the Covid-19 pandemic, according to Delhi Economic Survey 2020-21. However, the advance estimate of the gross state domestic product (GSDP) of Delhi at current price during 2020-21 is ₹7,98,310 crore, showing a contraction of 3.92 per cent over the previous year. The GSDP at current prices increased by about 45 per cent in the last six years- from ₹5,50,804 crore in 2015-16 to ₹7,98,310 crore during 2020-21.
The per capita income also went down from ₹3.76 lakh in 2019-20 to ₹3.54 lakh in the current fiscal year, stated the survey tabled in the Budget session of Delhi Assembly by Deputy Chief Minister Manish Sisodia.
Updated:
March 09, 2021 10:37 IST
The State’s own non-tax revenue also decreased slightly from 0.44% to 0.43% of the GSDP.
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The COVID-19 pandemic brought the State’s economic activity to a standstill for much of the financial year.
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The State’s own non-tax revenue also decreased slightly from 0.44% to 0.43% of the GSDP.
For the first time since 2012-13, Karnataka’s Gross State Domestic Product (GSDP) growth rate has been negative, at -2.6%. The GSDP has shrunk from ₹11.43 lakh crore in 2019-20 to ₹11.13 lakh crore in 2020-21.
From reduced revenue collection and share in Central taxes, the State, which fought the COVID-19 pandemic most of this financial year, saw a reduction from most avenues while it recovered lost ground in some crucial tax collection segments. A look at the revenue and capital receipts of the State shows that while the share of Central taxes decreased from 1.82% to 1.58% of the GSDP, the share of