New Delhi: The construction sector has contributed over Rs 30,000 crore to Delhi’s GDP of 3.13 lakh crore in 2011-12, retaining its position as one of the major driving forces of the city’s economy.
The sector added Rs 30,042 crore to the city’s GDP in 2011-12 at current prices, up by Rs 4,749 crore from its share of Rs 25,253 crore in 2010-11, a latest report of Delhi Government said.
Officials attributed the robust growth in the sector to increasing demand for commercial and residential properties as well as infrastructure development projects by the government.
The report said contribution of manufacturing sector to the gross state domestic product has gone up to Rs 16,081 crore in 2011-12 at current prices from Rs 13,844 crore in 20101-11.
It said the industry sector added a total of Rs 8,378 crore to the city’s GDP in 2011-12 as against Rs 6,600 crore in the previous year.
The share of service sector, also known as tertiary sector, in the GDP of Delhi was about 82 per cent, followed by the secondary sector at 17 per cent and primary sector at 0.87 per cent. The primary sector comprises agriculture and allied services, while secondary sector consists of construction and manufacturing sectors.
In the tertiary sector, the combined contribution to GDP by hotels, restaurants and wholesale and retail trade in 2011-12 at current prices has been estimated at Rs 59,734 crore as against Rs 50,061 crore in the previous year.
The report also reflects a progressive decline in the contribution of the primary sector to the GDP, while the secondary sector managed to retain its hold.
The contribution of the tertiary sector, also comprising transport, real estate services and financial services, has been gradually increasing.
At Rs 3.13 lakh crore, the gross state domestic product of the city went up by an impressive 18.7 per cent from 2.64 lakh crore in 2010-11.
However, the GDP, at constant prices, have been estimated at Rs 2,13,429 crore in 2011-12 against Rs 1,91,696 crore in the previous fiscal.