Is Kashmir Really Getting Richer, Or Just Growing on Paper?
Srinagar, May 29 -- Jammu and Kashmir is on the cusp of a major economic breakthrough.
Official figures place the Union Territory's GSDP at Rs 3,15,822 crore, with growth hitting 9.5% over revised estimates for 2025-26. Total expenditure touches Rs 1,05,958 crore, revenue surplus reaches Rs 9,378 crore, and fiscal deficit sits at 4.6% of GSDP.
These figures tell a story of planning and ambition, but they also raise a simpler question: does this growth make the average Kashmiri household financially stronger?
GDP growth remains a macroeconomic indicator, but household strength is a lived reality.
A family feels growth when income stabilizes, medical emergencies spare the savings account, and old age brings financial security.
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