The city of Delhi has a per capita income that is 2.5 times higher than the national average. Being the hub of commercial and business activities it is one of the most rapidly growing cities in India. The administrative capital city of India, it is also one of the biggest cities in the world in terms of population.
Area wise, it is the third largest city in India. It is next to Mumbai, India’s commercial hub in Southeast Asia. It has rapidly growing sectors of tourism, information technology, small scale industries, manufacturing and real estate which are the backbones of its economy.
It has a well- established industrial infrastructure as well as a hub of creative arts. Being the major commercial hub of North India, it attracts migrants from neighbouring North Indian States including Haryana, Punjab and Uttar Pradesh. It has led to a large populace of skilled and unskilled workers in the city.
Delhi’s provincial government is continuously making efforts to attract even more investments to it. Its excellent infrastructure is aimed at improving the quality of life for its residents as well as to promote its economic growth. It is well connected by roadways, railways and aviation to the rest of the country efficiently and extensively.
It is one of the most popular investment destinations in the country because of features like a competent workforce, investor friendly policies of the government, world class infrastructure and institutions and a large consumer market. The provincial government has identified some sectors with great potential and has announced a number of policies and incentives for private and public investment.
These include Information Technology, possible because of its world class IT parks and IT-friendly policies. Small Scale Industry, it is a major contributor to the city’s economy and includes various small factories which manufacture fertilizers, footwear, automobile parts, leather goods, textile, medicines and light machines. All this and more make New Delhi a truly cosmopolitan city with a promising economic future.