Delhi's Economy Shows Stability Amid Slower Growth

Delhi's economy, which experienced significant growth post-COVID, is now stabilizing with a projected 9% growth in 2025-26. The Gross State Domestic Product (GSDP) and Gross State Value Added (GSVA) reflect this steady increase, with the services sector driving the majority of economic activity.

Delhi's economy, once booming post-COVID, is now entering a phase of stability as recent figures suggest. According to state officials, the Gross State Domestic Product (GSDP) is estimated to grow by 9% from 2024-25 to 2025-26, marking a steady yet moderated pace of economic growth.

The latest projections indicate the GSDP will increase to Rs 13,27,055 crore by March 31, 2026. Following a surge of about 17% in 2021-22, the growth trajectory has since eased, reflecting a stabilization post-pandemic. This moderation is being seen as a normal phase following an extraordinary rebound over the last few years.

The Gross State Value Added (GSVA) mirrors this trend, with an expected stabilizing single-digit growth, underscoring the significance of the services sector, which dominates with 86.32% of the contribution to the GSVA. Despite the growth slowdown, the economy's overall size continues to expand.

(With inputs from agencies.)