When global recession hit India as much as it did anywhere else in the world, Delhi fought its way through the financial catastrophe and showed consistent economic development in the past few years. The annual compound growth (between 2004-05 to 2013-14) of Delhi’s GSDP is recorded at 16.76 per cent compared to the national average of 4.5 per cent. The service sector contributes significantly encompassing almost 87.73 per cent of the sectoral composition (2013-14). Industries across real estate, hotels, restaurants, banking, insurance, wholesale and retail trade are flourishing in the capital since the last two decades.
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