The economy of Delhi is characterised by public and private sectors which constitutes IT industries, manufacturing industries, mineral wealth and so on. As the capital city is the epicentre of country’s economy, it is one of the sought after places as the employment seekers are concerned. Being the largest commercial sector in northern India, Delhi is one of the fastest growing cities. It was always the market place of modern India and important trade route between Gangetic plains and Punjab making it a major manufacturing hub. The primary service industries in Delhi include telecommunications, information technology, banking, media and tourism. However, the growth in the economy is mainly attributed to the industrial growth which Delhi witnessed over the years. They include export, embroidery, silver vases, textile, fashion and corporate industries. Real estate too gives an important boost to the economy of Delhi with the huge influx of students and tourists.
Agriculture is not the primary sector in Delhi. However, you can find agricultural lands in the outskirts of Delhi. The main crops that are grown in Delhi are wheat, gram, Baira and Jowar. The union territory also has plenty of irritation sources like tube wells, canals and wells.
Delhi has a rich pool of skilled craftsmen. In olden days, Delhi was famous for its significance in arts, crafts and industries like embroidery, Jewellery, silver vases, bowls, tea sets, ornamental jewel boxes made of brass, silk and silk embroidery, handloom, ivory carvings, textiles, copper and brass utensils. The latter half of 19th century saw iron foundries and engineering works being established in Delhi. The foundation for Delhi’s textile was laid by the installation of two cotton weaving and spinning mills. In 1907, the first ice factory was set up in Delhi and year 1917 saw the establishing of the first match factory. The year of 1932 saw the first oil mill is being established in Delhi and the first acid factory established in 1934. The time span of 1981-82 to 1989-90 saw an increase of industrial units in Delhi.
Small Scale Industry
Being one of the largest centres for small scale industries, small scale sector has played an important role in boosting the industrial development of the city. There are industries which manufacture a variety of products including bicycles, foot wears, textiles, fertilizers, medicines, hosiery, leather goods, software, television, tape recorders, light engineering machines, automobile parts, sports goods, etc.
The Information technology industry has given a real boost to the economy of Delhi. With the entire major IT firms having their offices and headquarters in Delhi, the government of Delhi too is taking all measures like setting up an IT Park with all modern infrastructures. The development in IT sector has paved the way for growth in ITES and BPO industry.
The mineral wealth resources of Delhi include building and road making materials and the deposits of china clay. The building and road making materials include sand, stone and bajri. The ridge sees plenty of quartzite rock which is used for the manufacture of buildings and stone wares. Kaolin is used as an important raw material for refractory industries and as a fire clay for china ware and brick manufacturing.
Animal Husbandry is one of the major commercial sectors in Delhi. Buffaloes, pigs and goats are the source of milk. Others are horses, ponies, camels and poultry which comprises of ducks and fowls. There is optimum and surplus dairy production to meet the requirements of the Delhi and outskirts.
The 20th century witnessed the arrival of mechanised industry in Delhi which focused mainly on cotton grinning, spinning, weaving, packaging, oil pressing and flour grinding. The manufacturing of electronic and engineering goods, automobile parts, precision instruments and electrical appliances have boosted the economy of the city with the production of apparels, leather products and sports related products coming into the main arena. Delhi is also known for paintings, ivory carvings, sculpture, engravings, miniature paintings, gold and silver brocades, jewellery, embroidery and metal work.
Delhi is a perfect fusion of modern and ancient culture. Houses some of the most beautiful places in the form of monuments, palaces, forts, museums, bazaars and gardens, they were built and renovated by various rulers who ruled Delhi in the course of its long history. Places like Red Fort, Jama Masjid, Qutub Minar, India Gate, Birla Mandir, Lotus temple, Humayun’s Tomb, Dilli Hat mesmerises anyone who is there to explore. South Delhi which houses the ‘Garden of five senses’ draws plenty of tourists and its seven main cities namely Quila Rai Pithora, Mehrauli, Siri, Tughlakabad, Firozabad, Shergarh and Shahjehabanad is wonderful with its architectural styles. To promote tourism, Delhi Tourism and Transportation Development Corporation Limited have conducted plenty of sightseeing and excursions which include Para-sailing, rock climbing and boating.
Infrastructure And Transport
The infrastructure in Delhi has seen a major boost over the past few years which have attracted Multinational companies and corporate bodies all over the world. New roads, fly overs, bridges and health care facilities and sanitation have put Delhi on the global map with tremendous developments have been witnessed in education, telecom, power facilities, housing and transportation. Delhi Metro rail service has been a much awaited gift for the people of Delhi as it has changed the entire facility in the city. Termed as the ‘lifeline’ of Delhi, it is recognised all over the world for its highly efficient transport system and high tech rail.