Delhi Economy Forecasts Growth, Targets Revenue Surplus

Delhi Economy Forecasts Growth, Targets Revenue Surplus.webp

New Delhi, March 23 According to the 2025-26 economic survey report, presented to the Delhi assembly by Chief Minister Rekha Gupta on Monday, Delhi's per capita income at current prices is likely to reach Rs 5,31,610, registering a growth of 7.92 per cent over 2024-25.

The report further stated that Delhi's per capita income is estimated to be about 2.5 times higher than the national level during 2025-26.

According to the report, the budgeted revenue surplus for 2025-26 (according to budget estimates) is Rs 9,661.31 crore, which is 0.73 per cent of Gross State Domestic Product (GSDP).

The GSDP of Delhi at current prices during 2025-26 is likely to reach a level of Rs 13,27,055 crore, registering a growth of 9.42 per cent over 2024-25.

"Tax collection for the Delhi government for the year 2025-26 is budgeted with a growth of 15.54 per cent over the previous year," the report stated.

The budget for 2025-26 was Rs 1,00,000 crore, of which Rs 59,300 crore is allocated for Delhi government schemes, programs, and projects. This was an increase of Rs 20,300 crore compared to Rs 39,000 crore in 2024-25 (BE).

According to the report, Delhi has maintained a consistent revenue surplus, although its fiscal deficit rose to Rs 13,703 crore in the 2025-26 BE, mainly due to an increase of more than double (145 per cent) in capital expenditure over 2024-25.

Capital expenditure, which was Rs 11,485 crore in 2024-25 (provisional), has been increased to Rs 28,115 crore in 2025-26 (BE).

The revenue surplus of Delhi was Rs 12,247.03 crore during 2024-25 (provisional) compared to Rs 6,462.30 crore in 2023-24. The budgeted revenue surplus for 2025-26 (BE) is Rs 9,661.31 crore, which is 0.73 per cent of GSDP.

The report said that the Delhi government mainly financed its expenditure budget through its own tax revenue, which was 68.7 per cent of the Expenditure Budget in 2025-26 (BE).

Of the total tax revenue, 71.3 per cent in the 2025-26 budget is likely to come from the Goods and Services Tax and Value Added Tax, followed by 10.2 per cent from excise, 13.1 per cent from stamp duty, and 5.4 per cent from Motor Vehicle Tax.

The report stated that Delhi's economy has a predominant service sector that contributes around 86.32 per cent to the Gross State Value Added (at current prices) during 2025-26, followed by the secondary sector (12.88 per cent) and the primary sector (0.80 per cent).

The Advance Estimate of Delhi's GSDP at current prices during 2025-26 is likely to reach Rs 13,27,055 crore, a growth of 9.42 per cent over 2024-25. The Advance Estimate of Delhi's GSDP at constant prices during 2025-26 is recorded at Rs 7,76,479 crore, showing a growth of 8.53 per cent over 2024-25.
 
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budget estimates capital expenditure delhi delhi government economic survey excise fiscal deficit goods and services tax gross state domestic product motor vehicle tax per capita income revenue surplus service sector stamp duty tax revenue value added tax
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