Jammu's Economy on the Rise: 9.5% Growth and Union Budget Boost

Jammu and Kashmir's economy has recorded an impressive growth rate of 9.5% for the fiscal year 2023-24, as announced by Lt Governor Manoj Sinha. This growth is attributed to strategic government initiatives, with the Gross State Domestic Product (GSDP) estimated at Rs 2.45 lakh crore. Additionally, the recently presented Union Budget 2025-26 has been hailed by local industrialists as "well-structured," with significant provisions aimed at enhancing tourism and supporting micro, small, and medium enterprises (MSMEs). These developments signal a promising path toward sustainable economic revitalization in the region.

 

Source: Rediff Money, ETV Bharat, Indian Express