According to the Delhi Government, the economy of the national Capital is booming with the Gross State Domestic Product (GSDP) estimated to grow at 12.76 per cent in 2016-17. It claimed that the advance estimate of Delhi at current prices during 2016-17 is likely to attain level of Rs 6,22,385 crore. However, in terms of constant prices, which does not take inflation into account, the economy growth rate saw a decline from 8.82 per cent in 2015-16 to 8.26 per cent in 2016-17 as per advance estimates