Delhi, the capital of India is the main center of political activities in the country with important administrative blocks of the government having offices in Delhi.

The National Capital Region (NCR) is the metropolitan area of Delhi, which has helped Delhi to expand its boundaries. Rather it is becoming a two way development process. NCR encompasses satellite cities like Faridabad, Gurgaon, and Noida (along with Greater Noida).

Delhi and NCR is the world’s largest agglomeration. With India accelerating to become world economic superpower by 2020, the NCR is well set to become the epicenter of this economic boom in India. The survey conducted by CII on 106 companies across different sectors and interactions with 50 CEOs and heads of Manufacturing companies reveals that there is an improvement in terms of manufacturing strengths of NCR compared to the rest of the country.

Delhi has the infrastructure supporting smooth commuting between Delhi and NCR. Better connectivity and improved infrastructure between Delhi and NCR make life easier for commuters to reach their work place. New roads and Flyovers make sure that traveling is an easy ride from Delhi to any of these Satellite cities.

Gurgaon:
Gurgaon has developed into a large and flourishing town because of its vicinity to New Delhi, which is about 30 Kms from here. It is the main city of the NCR of Delhi. It is now the hub of IT and ITES companies and a nuturing nest to other upcoming businesses. The other major industries in gurgaon are auto manufacturing (Maruti, Hundai and Atlas cylces) pharmaceutical industries like Glaxo Smithkline, Ranbaxy, Dr. Reddy’s etc. This is also the home for a large number of export and buying houses. It is the hottest destination of the MNCs. Real estate is booming here with new buildings coming up at an astronomical pace.

Faridabad:
Faridabad is one of the main industrial cities of India. It is the preferred destination for the manufacturing and auto-ancillary industries. The industries like Escorts, Yahama have been contributing to the economy of Faridabad for long. With the upcoming infrasturctural projects, Faridabad is on its way to offer maximum growth opportunities.

Noida and Greater Noida:
These are the modern cities of India with world-class amenities and infrastructure. It also widely referred to as as “Techno-City”. Noida is the home to many big international as well as national companies like AgreeYa Solutions, GlobalLogic, EXL, Birla Soft, Impetus, STMicroelectronics, MtronPTI, Fiserv, Adobe Systems, TCS, HCL, CSC, ATC Labs, Interrs and Xansa.

These are the preferred destinations for most of the companies not only because of their growth opportunity but also the proximity of the city to Delhi and Good Infrastructure.

Delhi has transformed its image from being known only for the political activities and the capital of India to epicenter of growth. With the growth and development of the region in terms of infrastructure and foreign investment, MNCs and corporate bodies from all over the world are turning their heads towards Delhi sighting the manpower and skilled labor resource.

A Glance at the Economy of Delhi

Delhi’s economy has seen a steady growth in the past few years with foreign investment taking place in Delhi coupled by the boom in sectors such as Real Estate, Information technology, ITES and Retail.

Delhi has a strong and vibrant economy, which is quite vivid from its Gross domestic Product. With the growth rate of 12% during the year 2006-07, Delhi is the second largest commercial center in South Asia after Mumbai.

Tertiary sector continued to be the major contributor with 79.41%, followed by Secondary Sector with 19.77% and Primary sector contributing only 0.82%. the main reason for declining contribution of the primary sector is the rapid urbanization of Delhi.

The main factor behind development of Delhi is the contribution made by the Tertiary Sector. Delhi’s Service Sector is growing at the phenomenal speed. The efficient, well-qualified and English-Speaking workforce accelerates the speed. This fact has been the major attraction for the MNCs to approach India. Key Service Industries includes Information Technology, Telecommunications, Hotels, Banking, Real Estate, Construction, Power, Health and Community Service, Media and Tourism. Delhi’s retail industry is one of the fastest growing industries in India.

Delhi’s manufacturing industry or the Secondary Sector has also grown over the last decade. Per capita income of Delhi is estimated at INR 66,728 in 2006-07 indicating annual growth of 13.8%. This becomes the reason for the magnanimous growth of this sector. The increase in the purchasing power has increased the demand in the market. To match the requirements many consumer goods industries have established their manufacturing units and corporate offices in and around Delhi. Considering the current scenario, there are more to come.

Delhi might be second to Mumbai with reference to the State GDP contribution but Delhi Fares better in employment rate. According to the sample survey conducted in 2004-05, Delhi has least unemployment rate in comparison to the rest of the metropolitan cities. Rate of unemployment among males in Delhi is 2.9% compared to 3.1% in Mumbai. While rate of unemployment among women was 4.1% in Delhi compared to 5.3% in Mumbai.

Delhi still holds lot of growth opportunities. It offers the same to the people having potential and zeal to prove themselves. Delhi becomes the HOTTEST destination for the business and related spheres as it has following advantages: