Latest update: December, 2018
Last Updated: December, 2018
JAMMU AND KASHMIR State Report | December, 2018
Jammu and Kashmir (J&K) is the northern-most state of India and shares its borders with Himachal Pradesh and Punjab, and the neighbouring 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 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. Apple production in the state reached 1.74 million metric tonnes (MT) in 2017-18 (P).
The state’s GSDP grew at a CAGR of 10.30 per cent, during 2011-12 to 2017-18. The GSDP is expected to grow at 11.71 per cent (in Rs) by 2018-19 to reach Rs 1.57 trillion (US$ 24.42 billion).
As of October 2018, J&K had a total installed power generation capacity of 3,389.21 MW, comprising 1,795.33 MW under central utilities, 1,534.03 MW under state utilities and 59.85 MW under private utilities.
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.
The state has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 6 million during the period April 2000 to June 2018, according to data released by Department of Industrial Policy and Promotion (DIPP).
Note: P – Provisional
Last Updated: November 21, 2018