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Most people are jealous of Delhi's growth
by Prem Bhardwaj on Jul 13, 2008 12:23 PM

Specialy regeionally biased mumbaikars who support such idiotic parties like MNS. It is definitley true that Delhi is far superior to Mumbai or any other city in India in infrastructure, trade & Manufacturing Industry. It is hub of Automobile ,Pharma, Consumer Durables,Services like IT & BPO, Real Estate Agro Products ,Exports & many other industries. These industries not just have their HQs , but factories/operations as well in NCR region. This is unlike Mumbai which boast of 35% corporate tax filing from cos in that city. But people don't realise that the profits on which these cos file tax are from sales all over India also exports. However this is at corporate HQ level, whereas there is not much other economic activity happening in that region. That reflects on the actual sales & Income tax colection from Mumbai & not the corporate tax collections.
Also the perception that Delhi gets money from Center is far fetched , as the local tax collection in Delhi is 5th among all states in India & the size of Delhi is much smaller than those other 4 states ahead of it in Tax collection. This tax collection comes from economic activity of people of Delhi & the infrastructure development in Delhi comes from this local state tax. This is the reason not just infrastructure but per capita income is more in Delhi , as reflected by purchasing power of Delhiites- More cars in Delhi than combined total of Mumbai, Chennai & Kolkata.Finally any fool can tell why Delhi is the best

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The above message is part of the Discussion Board:
Mumbai the commercial capital? Well. . .