Economy of Delhi, Delhi Economy
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Things to do in Delhi
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When it comes to tourism, Delhi has something for everyone. Explore the tourist destinations in Delhi
Delhi Economy

Delhi, a capital city has grown in every sector from past passing years tremendously. Economy of the Delhi has also taken a fast pace from few years with its Gross Domestic Product (GDP). As per the economy survey in the year between 2014-2015 says that GDP of Delhi has increased up to 78% as compare from last five years which recorded at current prices as Rs 4,51,154 Crore. Tertiary sector is very important in the growth of economy which includes generation of employment and contribution in income of the state. Economic survey of Delhi also says that the economy of the city depends on tertiary sector with primary and secondary sectors.

Tertiary sector plays very important role in the growth of state economy which consist of service sector including hotels, banking, real estate, restaurants, business services, financing, insurance and other services of industries. This tertiary sector has also contributed in the state economy by increasing from 7.4% to 8.2% during 2014-2015.

Growth of Delhi depends on several factors from which establishment of industries such as handloom, textile and arts & crafts gives a large market place to Delhi in Northern India. Delhi is the major and capital city which is also well known for its trade and manufacturing. Delhi trade route is spread between Punjab and Gangetic plains which make Delhi a major trade centre. Many new industries such as jewellery, silver, export, textile, embroidery, corporate, fashion, ITES, Information Technology, BPO and many more were established in the city which helps to grow the economy of city. Agricultural sector is not so much involved in the growth of GDP apart of presence of some agricultural land outside the boundaries of Delhi where some main crops grown including gram, Jowar, wheat and Bajra. Other than these industries Delhi also gets profit from animal husbandry which supply optimum dairy products in and outside the Delhi city.

Delhi also has limited resources of mineral and lack of raw materials which is needed for making buildings, roads. These raw materials such as stone, sand & bajri and China clays can be found in rare parts of the Delhi. Quartzite rock and Kaolim are the raw materials which are used for manufacturing stone ware, China ware, industries and fire clay for brick.

Industrial policy: Government industry policy’s aim is to promote industries which help the industries to reach the maximum level of production by spending less power and space. The policy also aims to recruit skilled and unskilled labours for the industries.

Government Incentives

  • Delhi State Industrial Development Corp (DSIDC) assists investors for market surveys and project evaluation.
  • Delhi Finance Corporation scheme for small and medium scale industries.
  • Loan schemes for those businessmen who can’t contribute to promoters.
  • Delhi Finance Corporation guidance for new businessmen and entrepreneurs.
  • Delhi Finance Corporation offers Finance scheme for women entrepreneurs.
  • Assistance of DSIDC in marketing Small Scale Industries (SSI) products.
  • Government provides subsidy of 50% and up to Rs. 0.05 million of investments in anti-pollution equipment.
  • Women entrepreneurs get reservation up to 10% which is allowed at Jhandewalan Complex.

Industrial Division

Delhi State Industrial Development Corporation (DSIDC) build over 840 locations under the schemes named as “Half a Million Job Programme” which is introduced by the Government of India in 1973-1974. These sheds has been allowed to some educated group, unemployed people, associates of DSIDC and even allowed for export units. Other than this Delhi State Industrial Development Corporation also constructed around 446 industrial sheds which comes under SFC scheme. This SFC scheme is one of the Delhi's master plan including:

  • Okhla Computer Complex (related to Information Technology)
  • Rohtak Road Indl. Complex (related to General industry)
  • Kirti Nagar Packing Complex (related to timber and packing)
  • Mangolpuri Engg. Complex (related to light engineering)

DSIDC caters all the infrastructural facilities such as shops, office area, kiosks, canteen. These infrastructure facilities fulfil all the needs of alottes who are taking these industrial sheds so that they don’t have to travel so far to purchase office items or to eat food. Government allotted these industries properties to post and telegraph offices, banks and other public sector organisation on monthly license fee basis.