Delhi’s economy is gradually recovering from the challenges posed by the five waves of COVID-19 the city has faced, Deputy Chief Minister Manish Sisodia said while presenting the budget for 2022-23 to the Assembly. Saturday.

The Delhi State Gross Domestic Product (GSDP) at current market prices is likely to increase from Rs 7,85,342 crore in 2020-21 to Rs 9,23,967 crore in 2021-22, indicating an increase of 17, 65 percent. hundred, he said.

”I would like to clarify that the real growth rate of Delhi’s GSDP in 2021-22 is expected to be 10.23%. While at the national level, this growth rate is estimated at 8.9%. It means we are reaching the pre-pandemic level of economic activities again,” he said.

Delhi GSDP’s contraction of 1.09% at current prices and 3.86% at real prices in 2020-21 reflects the impact of the COVID-19 pandemic and the measures taken for its control, Sisodia said, who also holds the Finance portfolio in the Delhi government.

Advanced estimates indicate that Delhi’s economy will grow by 17.65% at current prices and 10.23% at constant prices in 2021-22, he said.

Delhi’s per capita income is expected to increase to Rs 4,01,982 at current prices in 2021-22 from Rs 3,44,136 in 2020-21. This shows a 16.81% year-over-year increase, Sisodia said.

The budget estimate of Rs 75,800 crore for 2022-23 is 2.5 times higher than the budget of Rs 30,940 crore in 2014-15, he added.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)