New Delhi, March 31 The Delhi economy, which experienced a sharp growth in the years following the COVID pandemic, is now showing signs of moderation and stability, according to the latest figures for the state's domestic product (SDP), officials said on Thursday.
The Gross State Domestic Product (GSDP) grew by 9 per cent in 2024-25 and is estimated to see a similar increase in 2025-26, which ended on March 31, according to officials.
According to the latest figures, the GSDP is projected to reach Rs 13,27,055 crore in 2025-26, reflecting a growth similar to that in 2024-25.
The latest SDP figures released by the Directorate of Economics and Statistics show that the gross state domestic product (GSDP) growth surged to around 17 per cent in 2021-22 and then eased to about 14 per cent in 2022-23, and around 12 per cent in 2023-24 during the economic recovery after pandemic-related restrictions.
The GSDP is considered the most important indicator for measuring economic growth.
The Gross State Value Added (GSVA), which measures economic activity in different sectors, also shows a similar growth trend, officials said.
According to official estimates, the GSVA is estimated to grow at a more stable, single-digit number in 2025-26, reflecting normal growth, officials said.
The officials said that both the GSDP and GSVA are continuing to grow, although at rates slower than the sharp increase during the immediate years following the COVID pandemic.
Officials said the slowdown in growth momentum is in line with a normalization phase following the sharp rebound recorded during 2021–22 and 2022–23.
Sectoral data indicate that the services sector remains the primary driver of GSVA, contributing the bulk of economic output, while industry maintains a secondary role.
The Delhi economy has a predominant service sector, with its contribution to GSVA (at current prices) at 86.32 per cent in 2025-26. It is followed by the Secondary Sector (12.88 per cent) and Primary Sector (0.80 per cent).
Although the GSDP growth rate has decreased over recent years, after double-digit growth during the years following the pandemic, the overall size of the economy has continued to increase.
