New Delhi, Mar 31 (PTI) Delhi’s economy, which registered a sharp growth in post-COVID pandemic years, is now showing signs of moderation and stability, as suggested by the latest state domestic product (SDP) figures, officials said on Thursday.

The Gross State Domestic Product expanded by 9 per cent in 2024-25 and is estimated to see a similar increase in 2025-26, which ended on March 31, according to officials.

According to the latest figures, the GSDP is projected to grow to Rs 13,27,055 crore in 2025-26, reflecting a growth similar to that in 2024-25.

Estimates of SDP of Delhi for 2025-26 recently released by the Directorate of Economics and Statistics showed that the gross state domestic product (GSDP) growth had surged to around 17 per cent in 2021-22 and then eased to about 14 per cent in 2022-23, around 12 per cent in 2023-24 during the recovery of the economy after pandemic related restrictions.

GSDP is considered the most important indicator of measuring economic growth.

The Gross State Value Added (GSVA), which is a measure of economic activity in different sectors, shows a similar growth trend, officials said.

According to official estimates, the GSVA is estimated to grow at a more stable, single-digit number in 2025-26, reflecting normal growth, officials said.

The officials said both the GSDP and GSVA are continuing to grow, although at rates slower than the sharp increase during the immediate years following the COVID pandemic.

Officials said the slowdown in growth momentum is in line with a normalisation phase following the sharp rebound recorded during 2021–22 and 2022–23.

Sectoral data indicate that the services sector remains the primary driver of GSVA, contributing the bulk of economic output, while industry maintains a secondary role.

Delhi’s economy has a predominant service sector with its share of contribution to GSVA (at current prices) at 86.32 per cent during 2025-26. It is followed by the Secondary Sector (12.88 per cent) and Primary Sector (0.80 per cent).

Although the GSDP growth rate has decreased over recent years, after double-digit growth during the years following the pandemic, the overall size of the economy has continued to increase. PTI VIT MR