Delhi govt’s tax collection sees 36% growth; per capita income 14.18% growth

Finance Minister Kailash Gahlot on Monday presented the Delhi Economic Survey report in the Assembly, which indicated that Delhi’s per capita income at current prices had risen to Rs 3,89,529 in 2021-22 from Rs 3,31,112 in 2020-21.

The report also estimated the per capita income of Delhi for 2022-23 at Rs 4,44,768, representing a growth rate of 14.18% over the previous year.

The survey highlighted that Delhi’s per capita income has always been around 2.6 times higher than the national average, both at current and constant prices.

Additionally, the report stated that the overall economic activity in Delhi has recovered faster compared to the national level, past the pre-pandemic levels.

It is expected that Delhi’s real GSDP will grow by 9.14% and 9.18% in the years 2021-22 and 2022-23, respectively, based on a low base effect and inherent strengths of the economy.

Furthermore, the Delhi government’s revenue receipts consist of tax revenue, non-tax revenue, and grants-in-aid/other receipts from the Centre, and tax collection of the Delhi government increased by 36% during 2021-22 (provisional) as compared to the negative growth of 19.53% in 2020-21 (due to the COVID-19 pandemic). (With inputs from PTI)