Economy of Delhi, Delhi Economy
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Delhi Economy

Economy of Delhi has shown tremendous growth over the past few years. Delhi has a strong and vibrant economy which is quite vivid from its Gross Domestic Product. According to economic survey of Delhi- 2000-2001, Delhi's GDP was 478 billion INR and per capita income of 38,860 INR. The annual economic growth rate of Delhi was 9.9%. Taking out some excerpts from the economic survey of Delhi, the tertiary sector contributed to 78.4% of Delhi's GDP with secondary and primary sectors contributing 20.2% and 1.4% respectively.

Well, the tertiary sector we are talking about basically comprises of service sectors like trade, real estate, hotels, restaurants, financing, banking, insurance, business services and other service centered industries. The contribution from this particular industry increased from 70.47% in 1993-94 to 78.39% for the year 2000-2001. Thanks to the flexible and investor friendly policies of the government.

If we look at the reason behind Delhi's growth, we find that it is attributed to a number of reasons. However, pointing a few out, we can say that Delhi has always been the market place of Northern India and has various industries like textile, handloom, arts and crafts. Delhi also happens to be an important trade route between Punjab and Gangetic plains, which makes it an important trade center and manufacturing hub.

Growth in Delhi's economy can also be attributed to the fact that several new industries have evolved over the years and contributing to Delhi's industrial growth. These industries include jewellery, export, embroidery, silver vases, textile, fashion, corporate industries, BPO, IT, ITES and many others. The city's economy is primarily dependent on these industries and the service industry of the city adds to the overall GDP growth.

Delhi is not rich in agriculture except for the fact that there are some agricultural lands in the outskirts of Delhi. The major crops grown in the capital include wheat, gram, Bajra and Jowar. Animal husbandry is another profitable industry in Delhi with optimum and surplus dairy production to meet the consumption within the city as well as outside Delhi.

Delhi is not rich in raw materials and has limited mineral resources. However, deposits of building & road making materials and China clay are found in some parts of the city. The building and road making material comprises sand, stone and bajri. The quartzite rock available on the ridge is very useful for the manufacturing of stone wares and buildings. Kaolim is used as a principal raw material for refactory industries and fire clay for brick manufacture and china ware.

Industrial Policy

Industrial policy of the government is aimed at promotion of industries so that they achieve optimum level of production with minimum power, less space and also achieve maximum employment of skilled and unskilled labour.

Incentives By the Government

Delhi Finance Corporation scheme for small and medium scale industries
Delhi Finance Corporation guidance for new businessmen and entrepreneurs.
Loan schemes for businessmen who are unable to make promoters' contributions.
Delhi State Industrial Development Corp. (DSIDC) provides support to investors on project evaluation and market surveys.
Assistance of DSIDC in marketing Small Scale Industries (SSI ) products
The government gives subsidy of 50%, up to Rs. 0.05 million of investments in anti-pollution equipment.
Reservation for women entrepreneurs of up to 10% to be allotted at Jhandewalan Complex.
Finance scheme for women entrepreneurs by Delhi Finance Corporation

Industrial Division

Delhi State Industrial Development Corporation has constructed 840 locations to shape up the schemes launched by the Government of India. It was named as "Half a Million Job Programme" in the year 1973-1974.

Out of these sheds, most of them had been allotted to unemployed educated group with some being given to associates of DSIDC and some allotted for the purpose of export units.

Delhi State Industrial Development Corporation has also constructed 446 Industrial sheds under SFC scheme which comes under Delhi's Master Plan. These are:

Okhla Computer Complex (Computer related)
Rohtak Road Indl. Complex (General)
Kirti Nagar Packing Complex (Timber related & Packing)
Mangolpuri Engg. Complex (Light Engg.)
DSIDC has in place all the infrastructure facilities to cater the daily needs of the allotees of the Industrial sheds. Infrastructure facilities included kiosks, shops, canteen and office space. The government allots these properties on monthly license basis to banks, telegraph offices ad other public undertakings.

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In order to provide infrastructural facilities to these units, DSIDC constructed Kiosks, Shops and Canteen block/office space and allotted these properties on monthly license fee basis to Banks, Post & Telegraph Office and other public Sector Undertakings to cater the daily needs of allotees of Industrial sheds without traveling to far-off places.

BANKS IN DELHI

List of Foreign Banks in Delhi

ANZ Grindlays Bank
Mercantile House, Kasturba GandhiMarg Tel: 3361091

Bank of America
Hamilton House, A-Block, Connaught Place, Ph:3327602/6134/4765

American Express
Hansalaya building 15 Barakhamba Road Tel: 3722333 (24 hours ATM)

ABN Amro
DLF Centre, Sansad Marg Tel: 3755130, 3755407Banque National de Paris Hansalaya building, 15, Barakhamba Road Tel: 3312836,3324211

Citibank
Jeevan Bharati Building 124, Connaught Circus Tel: 3712484, 3714211(24 hours ATM)

Standard Chartered Bank
17 Sansad Marg Tel: 3368888

The Bank of Tokyo Ltd.
Jeevan Vihar 3 Sansad Marg Tel: 3360052

Deutsche Bank
Tolstoy House 15-17 Tolstoy Marg Tel: 3721150/51

Hong Kong Bank
28, Kasturba Gandhi Marg Tel: 3716000 (24 hours ATM)

Other Banks and their Websites

Allahabad Bank
http://www.allahabadbank.com

Andhra Bank
http://www.andhrabank-india.com/

Bank of Baroda
http://www.bankofbaroda.com/

Bank of Maharashtra
http://www.bankofmaharashtra.in/

Canara Bank
http://www.canbankindia.com

Central Bank of India
http://www.centralbankofindia.co.in/

Dena Bank
http://www.denabank.com

Indian Overseas Bank
http://www.iob.com

Punjab National Bank
http://www.pnbindia.com/

State Bank of India
http://www.statebankofindia.com

State Bank of Bikaner & Jaipur
http://www.sbbjbank.com/

State Bank of Mysore
http://www.statebankofmysore.co.in/

State Bank of Hyderabad
http://www.sbhyd.com/

UCO Bank
http://www.ucobank.com

United Bank of India
http://www.unitedbankofindia.com/

Vijaya Bank
http://www.vijayabank.com

HDFC Bank
http://www.hdfcbank.com

ICICI Bank
http://www.icicibank.com

IDBI Bank
http://www.idbibank.com

UTI Bank
http://www.utibank.com

Syndicate Bank
http://www.syndicatebank.com

Lord Krishna Bank
http://www.lordkrishnabank.com

IndusInd Bank
http://www.indusind.com/

ING Vysya Bank
http://www.ingvysyabank.com

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