Delhi Economy
With an estimated net State Domestic Product (SDP) of INR 830.85 billion (19.55 billion USD) (FY 2005),[39] Delhi is the second largest commercial center in South Asia after Mumbai. Delhi has a per capita income of 53,976 INR (1,270 USD) which is around 2.5 times of the national average.[39] The tertiary sector contributes 70.95% of Delhi's gross SDP followed by secondary and primary sectors with 25.2% and 3.85% contribution respectively.[39] Delhi's workforce constitutes 32.82% of the population showing an increase of 52.52% between 1991 and 2001.[40] Delhi's unemployment rate decreased from 12.57% in 1999–2000 to 4.63% in 2003.[40] In December 2004, 636,000 people were registered with various employment exchange programmes in Delhi.[40]
In 2001, the total workforce in all government (union and state) and quasi government sector was 620,000. In comparison, organised private sector employed 219,000.[40] Delhi's service sector has expanded due in part to the large skilled English-speaking workforce that has attracted many multinational companies. Key service industries include information technology, telecommunications, hotels, banking, media and tourism. Delhi's manufacturing industry has also grown considerably as many consumer goods industries have established manufacturing units and headquarters in and around Delhi. Delhi's large consumer market, coupled with the easy availability of skilled labour, has attracted foreign investment in Delhi. In 2001, the
manufacturing sector employed 1,440,000 workers while the number of industrial units was 129,000.[41] Construction, power, telecommunications, health and community services, and real estate form integral parts of Delhi's economy. Delhi's retail industry is one of the fastest growing industries in India. As a result, land prices are booming and Delhi is currently ranked the 7th most expensive office hotspot in the world, with prices at $145.16 per square foot.[42] However, as in the rest of India, the fast growth of retail is expected to affect the traditional unorganized retail trading system.[43]
Source from http://en.wikipedia.org