Budget Session Assembly March 8 to March 16

Budget Session Assembly March 8 to March 16

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Delhi Deputy Chief Minister presented the economic survey in the state assembly, which is currently in session of presenting budget from March 8 to March 16. Delhi’s finance minister said, “The financial year 2020-21 started in the shadow of Covid-19 pandemic and a strict lockdown that brought all socio-economic activities to a halt.

The advance estimates reveal that Delhi’s per capita income, which stands at the second position in India, dropped from Rs.3,76,211 in 2019-20 to Rs.3,54,004 in 2020-21. The economy of Delhi is estimated to contract by 3.92 per cent in the current financial year, according to Delhi Economic Survey 2020-21.

Tabling the survey in the Budget Session of Delhi Assembly on Monday, Deputy Chief Minister said the pandemic halted government activities for some months, causing decline in trade and revenue and financial constraints.

In 2019-20, with outstanding debt of Rs 34,461.83 crore as on March 31, 2020, the Debt-GSDP ratio had declined substantially to 4.15 per cent as compared to 8.61 per cent in 2011-12. The state gross domestic product shrunk by around 5.68%, according to the economic survey tabled by the Delhi government in the assembly on Monday, which cited impact from the Covid-19 outbreak.

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