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Delhi's per capita income rises by 22 percent to Rs 4.6 lakh in FY23-24

Atishi informed that the Delhi government will present its budget for 2024-25 in the state assembly on March 4.

Hritika Mitra Edited By: Hritika Mitra @MitraHritika New Delhi Updated on: March 01, 2024 15:05 IST
Delhi's per capita income rises by 22 percent to Rs 4.6
Image Source : FILE Delhi's per capita income rises by 22 percent to Rs 4.6 lakh in FY23-24

Delhi's Finance Minister Atishi Marlena on Friday said that the per capita income of Delhi rose 22 percent in two years at Rs 4,61,910 in 2023-24 from Rs 3,76,217 in 2021-22.

While presenting the survey in the state assembly, she said despite obstructions created in the functioning of the city government, Delhi witnessed a rise in per capita income. She said the state budget for the financial year 2024-25 will be presented before the Assembly on March 4.

Reading out details, she said the GSDP (gross state domestic product) of Delhi at current prices during 2023-24 is likely to reach Rs 11,07,746 crore, registering a growth of 9.17 per cent from 2022-23. The GSDP of Delhi in 2022-23 was Rs 10.14 crore.

In post-Covid times, our real GSDP grew at 8.76 per cent in 2021-22 and 7.85 per cent in 2022-23, faster than the rest of the country. "Delhi's population constitutes 1.5 per cent of India's population, while GSDP contributes nearly 3.9 per cent to India's GDP," she noted. 

The per capita income of Delhi was Rs 3,76,217 in 2021-22, which increased to Rs 4,61,910 in 2023-24. This is an increase of 22 per in two years, she said. Delhi's inflation rate was at 2.81 per cent in Jan-Dec 2023, national inflation rate was 5.65 per cent in the same period, she said.

Delhi gives free electricity, water, health, education, bus rides for women, teerth yatras for elderly, and still has a growing economy with a revenue surplus, the minister said.

 

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