Delhi

Delhi State Development Council

Delhi is one of the fastest growing states in the country. At current prices, the advance estimate of Gross State Domestic Product of Delhi is Rs 7.98 trillion in 2020-21. The state's GSDP (in Rs.) increased at a CAGR of 7.70% between 2015-16 and 2020-21. Delhi has an attractive real estate market and is a preferred tourist destination. Owing to its location, connectivity and rich cultural history, Delhi has always been a prime tourist attraction of the country. The Government of Delhi is committed towards creating a progressive business environment. As per the new Industrial Policy for Delhi 2010-21, the Government is keen on developing and promoting the hi-tech, sophisticated, knowledge-based IT and ITeS industries in the state. For this, the Government has planned to set up 'Centre of Excellence' to promote innovation and entrepreneurship in these sectors. Housing and Urban Development are the priority sectors in the development planning process of Delhi. In order to raise Delhi's export preparedness, the 'State Export Award' has been introduced in the year 2020, for outstanding export performers who are contributing considerably to the state economy by earning foreign exchange through export of their goods and services. Among all the states, Delhi has the largest share of skilled workforce, making it suitable for knowledge-based economic activities such as IT/ITeS, designing, R&D and financial services. Over the past few years, Delhi has become a start-up hub. The Government has prepared a draft start-up policy and is in the process of finalizing it. ASSOCHAM aims to drive more initiatives to support its members, the industry at large, and the Government to drive the country's socio-economic growth. Going forward, we will enhance our focus on policy advocacy, sector development and capacity building. Our main focus will be to Construction, Power, and Telecommunications, health & community services and Real Estate which are the pillars of Delhi's economy. In addition to that, we will focus on key service industries include Information Technology, Hotels, Education, Media, Banking, Tourism, Logistics & Warehousing, Export, Films & Entertainment etc by engaging with the Government and interfacing with Industry Leaders from these sectors in Delhi.