Delhi's economy grows 8.61% in 2018-19: Economic Survey

New Delhi, Feb 23 (IANS) The economy of Delhi is estimated to have grown at 8.61 per cent in 2018-19, according to the Economic Survey Report tabled in the Assembly, here on Saturday."The advance estimate of the gross state domestic product (GSDP) of Delhi at current prices during 2018-19 is likely to attain the level of Rs 7,79,652 crore, at the growth rate of 12.98 per cent over 2017-18. In real terms, the growth is estimated to 8.61 per cent during 2018-19," the report tabled by Delhi Finance Minister Manish Sisodia said.The gross state value added (GSVA) at current prices for 2018-19 shows the contribution of the tertiary sector at 84.12 per cent, followed by the secondary sector at 14 per cent and the primary sector at 1.88, it said.The tax collection registered a 14.70 per cent growth in 2017-18 against the 3.03 per cent growth in 2016-17, the report said. "The tax collection for 2018-19 is budgeted for a 17.59 per cent growth over the previous year," it said.Delhi has maintained its consistent revenue surplus, which was Rs 4,913 crore during 2017-18, it said.
--IANS nks/rs/pcj