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Economy and Union Territory of Delhi

The preamble is about Delhi, predicted to surpass Tokyo as that of the world's largest metropolises in the next eight years, making it the centre of a worldwide phenomenon.

The Indian capital is Delhi. In terms of per capita income, it was just one of India’s wealthiest union territories (PCI). In 2018-19, Delhi’s Gross State Domestic Product was US$ 108.06 billion. In 2018-19, Delhi’s per capita income was Rs 402,173. Delhi is one of the most populated cities in India. It is the Republic of India’s capital. Delhi is one of India’s wealthiest states and union territories. Also, it is India’s political, commercial, literary, and cultural epicentre. Let’s discuss more of Delhi’s largest metropolises and how Delhi has surpassed Tokyo as the world’s second-most populous metropolis. 

Delhi Has Surpassed Tokyo as the World’s Second-Most Populous Metropolis

With 25 million people, Delhi is presently the world’s second-largest metropolis. With 38 million people, Tokyo remains the world’s most populous city. The Population Division of the United Nations Department of Economic and Social Affairs (UN DESA) updated its World Urbanisation Prospects in 2014, pointing to growing urbanisation across India, China, and especially Nigeria.

According to the research, although Tokyo’s population is expected to fall, Delhi’s is expected to continue to increase significantly, with 36 million people by 2030, only a million less than Tokyo’s 37 million. With such a population of 21 million, Mumbai ranks sixth amongst some of the world’s most populous cities. It is tied for second place with Sao Paulo and Mexico City, behind Shanghai, with 23 million people behind Shanghai.

National Capital Delhi

India’s capital city is New Delhi. It is located on the west bank of the Yamuna River in its north-central region, near and just south of Delhi city (Old Delhi), even within the Delhi national capital Delhi. In December 1911, King George V of the United Kingdom ordered British India’s capital to be relocated from Calcutta (now Kolkata) to Delhi. The building of a new capital began in 1912 at a site approximately 3 miles (5 kilometres) south of Delhi’s city centre, and it was officially dedicated in 1931. The spacious tree-lined avenues of New Delhi, with their vast open spaces and expansive vistas, contrast strikingly with the packed, cramped laneways of Old Delhi. Central Vista Park, surrounded by government offices, museums, and other research centres in a parklike setting, is New Delhi’s principal east-west axis. The New Delhi Municipal Council is now in charge of the city (NDMC). The city has a total area of 16.5 square miles (42.7 square km). 302,363 people in 2001.

Economic Scenario

The service sector is the major portion of Delhi’s economy, supporting most of its residents. After a boom in the 1980s, manufacturing has remained relevant. Agriculture used to play a big role in the economy of the national capital territory, and it no longer does. Trade, finance, governmental administration, professional services, and numerous communal, personal, and social services constitute most of Delhi’s working population. Nevertheless, Old Delhi has long been the most important trading and economic centre in northern India. New Delhi has been an essential element in the international business and financial network ever since the 1990s. 

In 2018-19, the agriculture sector contributed only 2.31 per cent to Delhi’s GSVA at 2011-12 prices, whereas the secondary sector contributed 14.13 per cent and the service sector contributed 83.56 per cent.

Conclusion

Delhi is the largest metropolis and has a thriving real estate industry. Delhi has long been a top tourist destination due to its location, accessibility, and rich cultural history. The Delhi Metro is indeed the world’s fifth busiest metro rail system. This is being constructed in stages. Phase I included 59 stations (including interchange stations) with 65.1 kilometres of route, from which 13.17 kilometres were subterranean and 51.93 kilometres were surface and elevated. The Delhi Metro’s average daily line usage is around 56.61 lakh people per day. The Delhi government is dedicated to fostering a competitive economic scenario.

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