Latest update: March, 2016
Last Updated: March, 2016
JAMMU AND KASHMIR State Report | November, 2015
Jammu and Kashmir (J&K) is the northern-most state of India and shares its borders with Himachal Pradesh and Punjab, and the neighboring countries of Pakistan, China and Afghanistan. The state consists of three regions - Jammu, the Kashmir valley and Ladakh.
The natural beauty and picturesque locations have made it a favoured destination for tourists across the world. Jammu is famous for its temples, while the Kashmir Valley is known for its lakes and gardens. J&K expects to witness 22.7 million tourist arrivals in FY 2020 compared to 9.5 million arrivals in FY 2014.
J&K has agro-climatic conditions best suited for horticulture and floriculture. Horticulture is the mainstay of the rural economy, providing employment to large number of local inhabitants. The state’s share in the overall apple production in India increased from 65.97 per cent in 2013-14 to 72.22 per cent in 2014-15. The total production of apples in J&K stood at around 1.82 million tonnes (MT) in 2014-15. The state is also a major exporter of walnut & its international market share is about seven per cent.
At current prices, the gross state domestic product (GSDP) of Jammu & Kashmir was US$ 14.46 billion in 2014-15 and has expanded at a compound annual growth rate (CAGR) of 9.03 per cent from 2004-05 to 2014-15. As of January 2016, J&K had a total installed power generation capacity of 3122.2 megawatt (MW).
The state government has an industrial policy that offers attractive incentives along with a single-window clearance mechanism. Land is allotted at concessional rates in industrial areas on lease for 90 years. The cost of setting up operations is comparatively lower than other states. The Skill Development Policy 2012-17 and the Sher-e-Kashmir Employment & Welfare Programme for the Youth 2009 are the policies undertaken by the government to develop the skills of the indigenous people of the state and offers better employment opportunities. J&K stands 29th among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.