Delhi’s Deputy Chief Minister Manish Sisodia, who is also holding the Finance Minister’s portfolio, presented the capital’s economic survey for 2020-21 and the ‘outcome budget’ on the floor of the Delhi Assembly, a day ahead of the presentation of the budget on Tuesday.
According to government data, the advance estimate of Gross State Domestic Product of Delhi at current prices during 2020-21 is Rs 7,98,310 crore, which recorded a contraction of 3.92% over the previous year.
In real terms, the contraction in GSDP in Delhi is 5.68% during 2020-21 compared to a contraction of 8.0% at the national level in the corresponding period.
The GSVA at current prices for the year 2020-21 shows that contribution of tertiary sector at 84.59%, followed by the secondary sector at 13.56% and primary sector at 1.85%.
Despite the Covid-19 pandemic, Delhi’s per capita income continues to be three times higher than the national average even though there is a drop compared to the last fiscal. The economic survey said that per capita income of Delhi at current prices is estimated at Rs 3,54,004 as against a per capita income of Rs 1,27,768 at the national level. During 2019-20, the per capita income was estimated at a higher Rs 3,89,143.
Delhi continues to be a revenue surplus state. In 2019-20, Delhi’s revenue surplus was Rs 7,499 crore compared to Rs 6,261 crore during 2018-19.
The fiscal deficit of Delhi has increased marginally according to the economic survey. In 2019-20, the fiscal deficit stood at Rs 3,227.79 crore, which is 0.39 % of the GSDP compared to a deficit of Rs 1,489.38 crore in 2018-19, which was 0.20% of the GSDP.
The economic survey said that budget allocation of social service sectors in 2020-21 is 74.77% with education continuing as the priority sector with a maximum allocation of 23% of the total budget followed by transportation (14.67%), health (13.39%), social security and welfare (13.11%), housing and urban development (12.62%),and water supply and sanitation (12.62%).
Delhi’s infant mortality rate, neonatal mortality rate and under-five mortality rate stand at 13, 11 and 19, respectively in comparison to all India’s levels of 32, 23 and 36, respectively.
The per capita expenditure on health in the Capital has increased from Rs 1,996 in 2014-15, five years back to Rs 3,029 in 2019-20. The capital’s public distribution network comprises 2029 fair price shops catering to 71.08 lakh population as on March 31.
Source: News18