Delhi’s GSDP Grows 5.8% Annually Over Last Decade

Delhi’s economy has demonstrated steady and resilient growth over the past decade, according to a recent report released by the Directorate of Economics and Statistics of the Delhi government. The capital has recorded an average annual GSDP growth of 5.86% and a per capita income growth of 7.99% from 2011–12 to 2024–25, reflecting robust development despite external shocks like the COVID-19 pandemic.

Strong Economic Expansion in Delhi

Growth in GSDP and NSDP

The Gross State Domestic Product (GSDP) of Delhi at constant prices (2011–12 base) rose from ₹3.44 lakh crore in 2011–12 to an estimated ₹7.11 lakh crore in 2024–25, registering an average annual growth of 5.86%. At current prices, the GSDP expanded at a much faster 10.34% annually, reaching over ₹12.15 lakh crore in 2024–25.

Similarly, the Net State Domestic Product (NSDP), also known as the state income, climbed from ₹3.14 lakh crore in 2011–12 to ₹10.83 lakh crore in 2024–25, growing at 10.14% annually.

Per Capita Income: Leading the Nation

Delhi’s per capita income remains one of the highest in the country, touching ₹4,93,024 at current prices in 2024–25, up from ₹4,59,408 in 2023–24 — marking a 7.32% year-on-year growth. In real terms, it increased from ₹1,85,001 in 2011–12 to ₹2,83,093 in 2024–25.

By comparison, the national per capita income grew at a lower average annual rate of 4.75%, reaching ₹1,14,710 in 2024–25. This makes Delhi’s per capita income nearly 2.4 times higher than the national average.

Impact of the Pandemic and Recovery

The report highlights the contraction in Delhi’s economy during the pandemic year 2020–21, when its GSDP shrank by 8.96%. However, Delhi staged a strong recovery with,

• 9.16% real GSDP growth in 2023–24
• Projected 6.21% real growth in 2024–25

These numbers indicate that Delhi’s economic activity has rebounded past pre-COVID levels.

National GDP Share and Structural Shifts

While Delhi’s economy has grown in absolute terms, its share in India’s national GDP (at constant prices) declined slightly from 3.94% in 2011–12 to an estimated 3.79% in 2024–25. This dip reflects faster growth in other states or structural changes in the national economy.