07-25-2005, 09:44 AM
<b>Delhi has second highest per capita income</b>
Harish C Menon (IANS)
New Delhi, July 25, 2005
Delhi has the second highest per capita income in the country after Chandigarh.
According to figures for 2004-05 from the Central Statistical Organisation (CSO), an average Delhi resident earns Rs 51,664 ($1,190) per annum - way above even the industrialised states and the all-India figure of Rs 20,989.
According to officials, Delhi sustains this income level due to a flourishing tertiary sector.
"Delhi is a major trading centre and economic activity here is fuelled by an excellent tertiary sector," Delhi Chief Secretary S Reghunathan said.
"It has a booming garment export trade. Now a thriving IT sector too is supporting it. As long as there is demand for these two commodities, high levels of income can be sustained in the capital," Reghunathan said.
The importance of the capital's apparel industry was evident in the interest generated during a three-day India International Garment Fair that concluded Thursday and generated business worth Rs 2.8 billion ($65 million).
"In terms of exports, the National Capital Region of Delhi is just behind Bangalore and far ahead of Hyderabad in IT and IT-enabled services. The region will only move ahead from here," said Delhi IT Secretary Prakash Kumar.
According to the latest state-wise data concerning 17 states and union territories for 2003-04 available with the CSO, the per capita income was highest in Chandigarh (Rs 57,621) followed by Delhi (Rs 51,664), Pondicherry (Rs 40,947), Haryana (Rs 29,963), Maharashtra (Rs 28,414), Punjab (Rs 27,851) and Gujarat (Rs 26,979).
Some of the lowest per capita income was recorded in states like Bihar (Rs 6,213), Orissa (Rs 11,858) and Madhya Pradesh (Rs 14,011).
The country's per capita income rose by 10.7 per cent in 2004-05, touching Rs 23,241 ($534), despite the poor performance of the agricultural sector due to a less than average monsoon.
The national income is estimated at Rs 25,356 billion in 2004-05, as compared to Rs 22,520 billion in 2003-04, showing a rise of 12.6 per cent.
India has been growing at an annual average rate of more than six per cent in the 15 years since economic reforms started in 1991. The Reserve Bank of India (RBI) has projected the economy to grow at seven per cent during fiscal 2005-06 subject to a normal monsoon.
Harish C Menon (IANS)
New Delhi, July 25, 2005
Delhi has the second highest per capita income in the country after Chandigarh.
According to figures for 2004-05 from the Central Statistical Organisation (CSO), an average Delhi resident earns Rs 51,664 ($1,190) per annum - way above even the industrialised states and the all-India figure of Rs 20,989.
According to officials, Delhi sustains this income level due to a flourishing tertiary sector.
"Delhi is a major trading centre and economic activity here is fuelled by an excellent tertiary sector," Delhi Chief Secretary S Reghunathan said.
"It has a booming garment export trade. Now a thriving IT sector too is supporting it. As long as there is demand for these two commodities, high levels of income can be sustained in the capital," Reghunathan said.
The importance of the capital's apparel industry was evident in the interest generated during a three-day India International Garment Fair that concluded Thursday and generated business worth Rs 2.8 billion ($65 million).
"In terms of exports, the National Capital Region of Delhi is just behind Bangalore and far ahead of Hyderabad in IT and IT-enabled services. The region will only move ahead from here," said Delhi IT Secretary Prakash Kumar.
According to the latest state-wise data concerning 17 states and union territories for 2003-04 available with the CSO, the per capita income was highest in Chandigarh (Rs 57,621) followed by Delhi (Rs 51,664), Pondicherry (Rs 40,947), Haryana (Rs 29,963), Maharashtra (Rs 28,414), Punjab (Rs 27,851) and Gujarat (Rs 26,979).
Some of the lowest per capita income was recorded in states like Bihar (Rs 6,213), Orissa (Rs 11,858) and Madhya Pradesh (Rs 14,011).
The country's per capita income rose by 10.7 per cent in 2004-05, touching Rs 23,241 ($534), despite the poor performance of the agricultural sector due to a less than average monsoon.
The national income is estimated at Rs 25,356 billion in 2004-05, as compared to Rs 22,520 billion in 2003-04, showing a rise of 12.6 per cent.
India has been growing at an annual average rate of more than six per cent in the 15 years since economic reforms started in 1991. The Reserve Bank of India (RBI) has projected the economy to grow at seven per cent during fiscal 2005-06 subject to a normal monsoon.