Delhi’s Gross State Domestic Product (GSDP) is estimated to have contracted by 5.68 per cent in real phrases in 2020-21, the Economic Survey for 2020-21 confirmed.
This in contrast with anticipated contraction of 8 per cent in GDP on the nationwide degree, highlighted the Survey, which was tabled by Deputy Chief Manish Sisodia in the Delhi Assembly on Monday.
According to the Survey, Delhi has maintained its income surplus, which was ₹7,499 crore throughout 2019-20 as in comparison with ₹6,261 crore throughout 2018-19. However, the fiscal deficit has widened to ₹ 3227.79 crore throughout 2019-20 (provisional) in contrast with ₹1,489.38 crore in 2018-19, which is 0.39 per cent of the GSDP (0.20 per cent).
Meanwhile, the advance estimate of GSDP at present costs throughout 2020-21 stood at ₹ 7,98,310 crore, a contraction of three.92 per cent over the earlier yr.
The GSDP at present costs has elevated by about 45 per cent in the final six years ie from ₹5,50,804 crore in 2015-16 to ₹7,98,310 crore throughout 2020- 21. Also the per capita earnings of Delhi at present costs throughout 2020-21 is estimated at ₹3,54,004 in opposition to the per capita earnings of ₹1,27,768 on the nationwide degree. Thus, Delhi’s per capita earnings is nearly 3 times the nationwide common, the Survey highlighted.
Sisodia on Monday additionally offered the “Performance Report of Outcome Budget 2020-21”, which is the report card as to how numerous departments have carried out with the allotted fund below Annual Budget 2020-21.
The report card provides an account whether or not the cash has been spent for the aim it was allotted together with the end result of the funds used and what’s the general rating of a division in phrases of proportion on-track indicators as on December 31, 2020, for a important set of output and final result indicators.
The Outcome Budget breaks down the efficiency of every main scheme and programme of the Delhi authorities into two sorts of indicators: (i) Output indicators, which inform what are the providers or infrastructure that authorities departments are required to supply, For instance, what number of Mohalla Clinics are deliberate to be constructed, and (ii) Outcome indicators, which inform us precisely how folks have benefitted from that scheme. For instance, how many individuals visited the Mohalla Clinics.
Sisodia stated that the Outcome Budget is a novel doc, which has considerably enhanced transparency and accountability in using public cash. The funds allocations are actually divided into measurable output and final result indicators, that are straightforward to watch, he famous.
All the output and final result Indicators are expressed in quantifiable and measurable numbers, together with timelines for capital tasks.
Sisodia famous that the progress in achievement of the targets set out in the Outcome Budget was affected by the Covid-19-induced lockdown.
“The yr 2020-21 began in the shadow of Covid-19 pandemic and a strict lockdown that introduced all socio-economic actions to a halt. While our authorities put up a courageous combat in opposition to Covid-19 pandemic, it has prompted nice distortion in authorities’s routine actions,” Sisodia stated.