Delhi’s growth is going to be highest in Asian cities. The economy of Delhi will increase by about 50 per cent in 2021 compared to 2016.
These are the reasons for Delhi’s fast growth
Apart from being the center of the country, the growth of professional services sector in Delhi is quite fast. The growth in Delhi in the short term has also been boosted by the reduction or reduction of foreign ownership on Indian companies. This is increasing the income of the people, which will benefit Delhi as well as other cities in the long term. The government is also making the rules related to foreign retailers as well as other foreign companies flexible. Its good effect is visible.
The per capita income of Delhi is three timesThe per capita income of Delhi is three times more than that of the country. While at the national level it is Rs 93,293, while in Delhi it is Rs 280,142. Delhi’s economy grew at a rate of 8.34 percent in 2015-16, while the growth rate of the national economy was 7.6 percent. Delhi’s contribution to the country’s GDP is 4.12 percent. 82.3 percent of the economy here comes from the service sector and 15 percent from the industry. The economy here is estimated to be around $ 100 billion at this time.
China’s cities are behind
Although the growth of 5 big cities of China is expected to be 6 percent or more, but in the coming days, the average growth rate of the cities there is expected to decrease from 4.5 percent to 4.2 percent in 2012-16.
Japanese cities are in worse condition
The growth of Japan’s cities is decreasing further. The reason for this is the growing population there.