Jammu & Kashmir

Economic Development

Sectoral pattern: services continue to be a vital sector

Source: Central Statistical Organisation (CSO)

Source: Central Statistical Organisation (CSO)

The GDP of the state grew at a CAGR of 8.8 percent between 1999-00 and 2005-06 to reach US$ 5.6 billion. With a contribution of US$ 675.6 million, Agriculture was the highest sharer of GSDP of the state among all sub-sectors during 2005-06. Driven by public administration, the tertiary sector is the largest one in GSDP and witnessed the highest CAGR of 10 percent during 1999-00 to 2005-06.

Per capita income: Striding ahead despite odds

Per Capita estimates

 

Source: CSO

Over the years, the per capita income of the people of Jammu & Kashmir has shown betterment. According to the estimates done by Indicus Analytics, the per capita income in urban areas was $667 and in rural areas it was $467, as against the all-India average of $573.1.

The annual income of households is also a pivotal factor indicating the economic boom. A comparison of distribution of households by various income categories in Jammu & Kashmir vis-a-vis the all-India figures shows that the share of households in higher income categories in Jammu & Kashmir is more. This holds true for urban as well as rural households.

Education: Initiatives galore

Source: Census 2001

Source: SES (C3)

* As on 30 September 2002
Source: IndiaStat

Reliance Industries is planning to set up an institute of management and information technology with an intake capacity of 250 students in the state.The institute will offer courses in five streams of information and communication technology, biotechnology, health, tourism and medicinal and aromatic plants.

The state is actively working towards improving the quality of human capital in the state. Jammu and Kashmir is the only state where education is free up to the university level. The state has opened seasonal schools for people in the hilly areas and for economically and socially backward castes. The state has two regional engineering colleges and four polytechnics for professional and vocational training.

For higher studies, there are now three universities one in Jammu and the others in Kashmir. The total number of students in general education at the university stage is about 0.4 lakhs which includes 14083 females. The number has gone up six-fold since 1950-51 when it was only 2669.The professional Institutions are:

• two cngineering colleges in Srinagar and Jammu

• fourpPolytechnics

• 37 Industrial Training Institutes (ITIs)

Demographics
 

Source: NSS

• The total work participation rate of the state in 2001 was at 36.6 per cent. Rural participation rate at 37.9 per cent was higher than urban participation rate of 32.7 per cent.
• Total sex ratio improved significantly to 900 females per thousand males in 2001 as against896 in 1991.
• Rate of urbanisation is significantly higher than that of all special category states.

Source: Census 2001

Horticulture in Kashmir

The horticulture industry in Kashmir has become the bulwark of rural economy of the state. Earning an annual revenue of over US$ 10.3 million, this industry provides job facilities to the thousands of people directly and indirectly.

Source: IndiaStat

Forests

Kashmir is rich in forests. A myriads of spruce, stately trees some of which are towering masses, grow in the state such as Blue Pine, Silver Fir, Himalayan Spruce, Birch, Maple, Beech, Hazel, wild Oak. Almost all the mountains have straggling dense forests, which not only give birth to a serene and healthy ambience, but are also a great revenue generator for the country. The best varieties of Pine and Deodar are found in the dense forests of Kishtwar, Bhaderwah and the Lolab valley.

Source: IndiaStat

Industry

J & K has faced a constant progress in the establishment of industrial units. In the Small Scale sector, there are more than 20,000 units registered in the state. It has also attracted a good number of industries in the medium and large-scale sector. Its major industries include horticulture, floriculture, handlooms and handicrafts, tourism, mineral-based industry, gems and jewellery, sericulture, and information technology. The state government is committed to promote the private sector, and attaches great importance to its role in the development of the state.

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