CM Sheila predicts double digit growth rate for national capital
28 Aug 2013 4:33 AM IST
The Indian economy may be going through a difficult phase, but Delhi chief minister Sheila Dikshit on Monday said that she was confident that the national capital will continue to achieve growth in double digits in the current fiscal.
The chief minister was addressing a conclave organised by the Confederation of Indian Industries(CII) on ‘Invest North 2013’. Dikshit claimed that Delhi continues to be a growth centre for itself and all NCR cities. It has achieved a double-digit average growth rate.
Terming Delhi as the ‘nerve centre’ of growth, Dikshit said her government has been following a pro-investment policy which has led the economy to grow at a healthy rate.
‘In the last few years, we have achieved double digit growth rate of over 11 per cent. The growth rate in 2011-12 was 11.54 per cent. We are hopeful that we will sustain this double digit growth this year too,’ the chief minister said.
Delhi's economy grew at 11 per cent in 2012-13 when the country's growth rate had slipped to a decade low of 5 per cent on account of poor performance by agriculture, manufacturing and mining sectors. India's growth rate has been projected at 5.5 per cent in 2013-14.
The Delhi government has projected the economy of the city to be growing at a rate of 11 to 11.5 per cent during the 12th Five-Year Plan period. The growth rate of Delhi in the Eleventh Plan period was 11.46 per cent as compared to 7.9 per cent at the national level.
The city government has already taken a number of steps including enhancing the tax collection mechanism and keeping the fiscal deficit under control. In her address, Dikshit highlighted various industry-friendly initiatives that have been adopted by her government and said infrastructure at all the 29 industrial clusters was being enhanced.
Asked about the state of the economy of the country, Dikshit said investors and industry leaders should be patient and continue to have confidence in the economy which has the potential to rebound.
She said that due to environmental concerns, the government has been encouraging the growth of the service sector and information technology industries.
She further said an industrial park for IT industries is being set up by the Delhi government at Baprola area of north Delhi as part of policy to promote clean technology industries in the city.
The government plans to invest a whopping Rs 1,800 crore to develop the park. In 2010, it had unveiled a new industrial policy aiming to make the national capital a global hub for clean, high technology industries and services sector.
The chief minister was addressing a conclave organised by the Confederation of Indian Industries(CII) on ‘Invest North 2013’. Dikshit claimed that Delhi continues to be a growth centre for itself and all NCR cities. It has achieved a double-digit average growth rate.
Terming Delhi as the ‘nerve centre’ of growth, Dikshit said her government has been following a pro-investment policy which has led the economy to grow at a healthy rate.
‘In the last few years, we have achieved double digit growth rate of over 11 per cent. The growth rate in 2011-12 was 11.54 per cent. We are hopeful that we will sustain this double digit growth this year too,’ the chief minister said.
Delhi's economy grew at 11 per cent in 2012-13 when the country's growth rate had slipped to a decade low of 5 per cent on account of poor performance by agriculture, manufacturing and mining sectors. India's growth rate has been projected at 5.5 per cent in 2013-14.
The Delhi government has projected the economy of the city to be growing at a rate of 11 to 11.5 per cent during the 12th Five-Year Plan period. The growth rate of Delhi in the Eleventh Plan period was 11.46 per cent as compared to 7.9 per cent at the national level.
The city government has already taken a number of steps including enhancing the tax collection mechanism and keeping the fiscal deficit under control. In her address, Dikshit highlighted various industry-friendly initiatives that have been adopted by her government and said infrastructure at all the 29 industrial clusters was being enhanced.
Asked about the state of the economy of the country, Dikshit said investors and industry leaders should be patient and continue to have confidence in the economy which has the potential to rebound.
She said that due to environmental concerns, the government has been encouraging the growth of the service sector and information technology industries.
She further said an industrial park for IT industries is being set up by the Delhi government at Baprola area of north Delhi as part of policy to promote clean technology industries in the city.
The government plans to invest a whopping Rs 1,800 crore to develop the park. In 2010, it had unveiled a new industrial policy aiming to make the national capital a global hub for clean, high technology industries and services sector.
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