J&K economy likely to grow at 5.8%, says Economic Survey report
Jammu/Srinagar, Feb. 6 -- The Jammu and Kashmir's real gross state domestic product (GSDP) is estimated to grow at 5.82 per cent, according to the economic survey report 2025-26 that was tabled by the chief minister Omar Abdullah in the legislative assembly here on Thursday.
The report said that Jammu and Kashmir achieved a compound annual growth rate (CAGR) of 4.47 per cent in real GSDP during 2019-20 to 2024-25, indicating economic resilience and post-pandemic recovery.
"The growth rate is higher than Delhi and Himachal Pradesh and marginally higher than Haryana during the same period", it added.
However, Jammu and Kashmir's key economic indicators have shown a decline in economic strength in some major parameters like the estimated growth of gross state domestic products (GSDPs) in comparison to last financial year , the 2025-26 economic survey of the government which was released on Thursday revealed.
In comparison to the survey of 2024-25, the latest economic survey has indicated a decline in estimated growth rate of real-GSDP, nominal-GSDP and compound annual growth rate(CAGR). However some parameters have shown an improvement like a decrease in inflation from 4.5% in 2024 to 3.8% in 2025 and an increase in per capita income from Rs 1,54,703 to Rs 1,68,243(Per Capita NSDP at current prices)
The latest economic survey stated that the Real GSDP of Jammu & Kashmir is estimated to grow by 5.82 per cent, while Nominal GSDP is estimated to grow by 8.89 per cent in 2025-26. "The size of the economy is estimated at approximately Rs.2.86 lakh crore in nominal terms and Rs.1.50 lakh crore in real terms," the survey report said.
However, a cursory look at the last financial year's(2024-25) survey indicated that the grown expectation then was more with the real GSDP expected to grow at 7.06 percent and the nominal GSDP at 11.19 percent.
The economy's size was, however, estimated to be approximately Rs. 2.65 lakh crores in nominal terms and Rs. 1.45 lakh crores in real terms during 2024-25....
To read the full article or to get the complete feed from this publication, please
Contact Us.