Delhi is a capital of contradictions: Highest per capita income & fall in taxes

Delhi government budget today, unemployment is up

GN Bureau | June 25, 2015


#delhi   #income   #budget   #economic survey  


The national capital is a cradle of contradictions. Consider these numbers and the paradox hits you squarely. Delhi registered an all-time high per capita income of Rs.2.41 lakh in 2014-15, an increase of 13.49% while tax collection growth was down by nearly 8% (from 10.60% in 2013-14 to 2.64% in 2014-15).

According to the annual economic survey for 2014-15 the number of industrial units in the Capital grew by 18.35% during 2005 to 2013 but , the number of unemployed holding diplomas of various courses has more than doubled between 1995 and 2013.

The survey was presented during the budget session of the Delhi Assembly on Wednesday. It shows an impressive growth of the city's financial situation with an increase of 8.2% as compared 7.4% at national level.

The survey said the annual per capita income in the national capital increased from Rs 2.12 lakh in 2013-14 showing an annual increase of 13.49%. It was almost three times more than the national per capita income in 2012-13 that stood at Rs 87,748.

Read More: Education gets huge chunk of Delhi budget

Tax collection of Delhi government registered a growth of 2.64% in 2014-15 down from 10.61% in 2013-14, as per the survey.

The fall can be attributed to negative growth of 4.34% in stamps and registration fees in 2014-15. Tax collections under motor vehicle tax, state excise and VAT recorded a growth of 10.61%, 8.59% and 2.03% respectively.

Another paradox is lowest growth of 3.28% in entertainment tax even while the city saw explosion of leisure business.

The contradiction that is most worrisome is that the number of unemployed graduates and post-graduates was higher than those of less qualification. In 2013 it was 1.9 lakh and those below matriculation and seeking jobs were less at 1.3 lakh.

Meanwhile, the capital, which is like a magnet for youths of neighbouring states, the unemployment is clearly a problem, especially the number of unemployed holding diplomas of various courses. It has more than doubled from 21,705 to 44,934. The survey makes it clear that many diploma holders are not getting jobs easily. In 2009, the number of unemployed in this category had gone down to 8,766 but rose to 23,361 in 2010, reached 37,554 in 2011 and 44,934 in 2013.

In 2013, Delhi had 8.5 lakh unemployed people, significantly lower than the 11.3 lakh recorded in 1997. However, since 2009 the number has risen steadily. It was 4.9 lakh in 2010, became 6.4 lakh in 2011 and then rose to 7.7 lakh in 2012. The number of unemployed persons registered in employment exchanges increased from 6.36 lakh in 2004 to 9.12 lakh in 2013.

The density of population in Delhi has increased from 9,340 persons per sq km in 2001 to 11,320 persons per sq km in 2011.

Poverty in Delhi came down to about 10 per cent of the total population in 2011-12 from over 14 per cent a year ago. According to the survey, there were 23.3 lakh people living below poverty line in 2009-10 while the number decreased to 16.96 lakh in 2011-12.

The Delhi government's budget for 2015-16 will be tabled in the assembly today (Thursday).

Comments

 

Other News

A sustainability warrior’s heartfelt stories of life’s fleeting moments

Fit In, Stand Out, Walk: Stories from a Pushed Away Hill By Shailini Sheth Amin Notion Press, Rs 399

What EU’s AI Act means for the world

The recent European Union (EU) policy on artificial intelligence (AI) will be a game-changer and likely to become the de-facto standard not only for the conduct of businesses but also for the way consumers think about AI tools. Governments across the globe have been grappling with the rapid rise of AI tool

Indian Railways celebrates 171 years of its pioneering journey

The Indian Railways is celebrating 171 glorious years of its existence. Going back in time, the first train in India (and Asia) ran between Mumbai and Thane on April 16, 1853. It was flagged off from Boribunder (where CSMT stands today). As the years passed, the Great Indian Peninsula Railway which ran the

Vasudhaiva Kutumbakam: How to connect businesses with people

7 Chakras of Management: Wisdom from Indic Scriptures By Ashutosh Garg Rupa Publications, 282 pages, Rs 595

ECI walks extra mile to reach out to elderly, PwD voters

In a path-breaking initiative, the Election Commission of India (ECI), for the first time in a Lok Sabha Election, has provided the facility of home voting for the elderly and Persons with Disabilities in the 2024 Lok Sabha elections. Voters above 85 years of age and Persons with Disabilities (PwDs) with 4

A fairly reasonable way to solve problems, personal and global

Reason to Be Happy: Why logical thinking is the key to a better life By Kaushik Basu Torva/Transworld, 224 pages

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter