According to the Comptroller and Auditor General report tabled in the Delhi Assembly by Chief Minister Rekha Gupta on August 10, 2025, Delhi's contribution to India's GDP decreased from 4% in 2015-16 to 3.67% in 2024-25. The report highlighted that Delhi's economic growth showed a healthy trend with GSDP at ₹12.15 lakh crore registering 9.17% growth over the previous financial year. However, this growth rate was slightly slower compared to the rest of the country, as evidenced by the per capita GSDP growing at 6.39% CAGR during 2015-2025, which was lower than the annual growth in per capita GDP at 8.14% during the same period. The report noted that the per capita GSDP of the NCT of Delhi, which was 177.07% more than the per capita GDP of the country in 2015-16, was 135.34% greater at the end of 2024-25, reflecting Delhi's slower economic growth compared to the rest of the country. The report emphasized that Delhi's per capita GSDP was 177.07% higher than the country's per capita GDP in 2015-16, but by the end of 2024-25, the gap had narrowed significantly, with Delhi's per capita GSDP standing 135.34% above the national figure, indicating that the city's growth had not kept pace with the country's overall economic expansion.
As reported by the CAG, revenue receipts of the Delhi government grew by 9.57%, primarily driven by higher tax collections, most notably goods and services tax (GST). However, non-tax revenue growth was negative at -11.04% and grants from the Centre declined during the period. The government's expenditure was dominated by higher growth in revenue expenditure at 88.38%, particularly committed costs and subsidies, leaving limited fiscal space for capital investment. Subsidies increased by ₹3,222 crore (172.48%) during 2015-25, mainly due to an increase in power subsidies by ₹2,033 crore (128.83%). The report analyzed the finances of Delhi government for 2024-25 during the period when the Aam Aadmi Party was in power, examining overall financial health, expenditure trends, debt position, and compliance with fiscal responsibility. The CAG noted that revenue expenditure accounted for 88.38% of the growth in Delhi's total expenditure during 2015-25, with committed expenditure and subsidies contributing significantly and leaving limited room for capital investment.
According to the CAG report, capital expenditure of the government during 2015-25 showed a declining trend, ranging from 7% to 15% of total expenditure. The capital expenditure declined to ₹3,695 crore in 2024-25 compared to ₹6,855 crore in 2023-24, reflecting constraints in infrastructure investment and capital formation. The decline was attributed to reduced expenditure in different areas such as roads and bridges, and road transport, indicating limited government investment in long-term development projects. The report emphasized that these declining trends in capital expenditure reflect the government's limited fiscal space for infrastructure development and capital formation projects. However, looking ahead, the 2025-26 Budget Estimates show a significant increase in capital expenditure from ₹11,485 crore in 2024-25 to ₹28,115 crore in 2025-26, representing a 145% increase and indicating a shift toward infrastructure investment.
Delhi's economy continues to be dominated by the services sector, which is projected to account for 86.32% of Gross State Value Added at current prices in 2025-26. The secondary sector is estimated to contribute 12.88%, while the primary sector is expected to account for 0.80%. The CAG report projects that Delhi's GSDP at current prices is expected to reach ₹13,27,055 crore in 2025-26, an increase of 9.42% over 2024-25. At constant prices, the Advance Estimate puts GSDP at ₹7,76,479 crore, representing 8.53% growth over the previous year. The report projects a revenue surplus of ₹9,661.31 crore for 2025-26, equivalent to 0.73% of GSDP, compared to Delhi's revenue surplus of ₹12,247.03 crore in 2024-25. The Delhi government's 2025-26 Budget was set at ₹1 lakh crore, including ₹59,300 crore for government schemes, programmes and projects, which was ₹20,300 crore higher than the ₹39,000 crore allocated for the same purpose in the 2024-25 Budget Estimates. The CAG noted that Delhi finances a major part of its expenditure through its own tax revenue, which accounted for 68.7% of the Expenditure Budget in 2025-26, with GST and VAT expected to contribute 71.3% of total tax revenue.
