Delhi's economy improves, estimated to grow at 11.22%
Even as Delhi CM Arvind Kejriwal goes on an apology spree, he has one thing to feel proud of. The state's economy has shown signs of improvement, and is estimated to grow at 11.22% at current prices, as per Economic Survey of Delhi 2017-2018. The survey, tabled in the Assembly yesterday, pointed out that Delhi's per capita income is nearly thrice the national average.
Delhi's 2017-18 per capita income predicted at Rs. 3, 29,093
Ahead of the budget, the government fixed the Gross State Domestic Product at Rs. 5,56,800 crore for 2017-18, at a growth rate of 8.14% at constant prices, as compared to last year. Further, the survey tabled by Delhi's Finance Minister Manish Sisodia made an advance estimate of Delhi's per capita income at Rs. 3, 29,093 in 2017-18 at current prices, thrice the national average.
Expenditure for schools, hospitals more this year; death rate reduced
The survey noted that expenditure on schools has increased, as also for hospitals. Additionally, the death rate has reduced and Delhi is now second in life expectancy. Tax collection has seen a growth of 19.33% compared to last year. "Delhi has maintained its consistent revenue surplus," the survey said, though it will be less this year compared to the last year.
