Kashmir, March 06, 2025 | 06:00 PM
Jammu and Kashmir Economy Expected to Grow at 7.06% in 2024-25: Economic Survey
March 06, 2025 – The Economic Survey Report (ESR) for 2025 has projected a robust economic outlook for Jammu and Kashmir, forecasting a real-term growth rate of 7.06 percent for the fiscal year 2024-25.
Strong Growth Projections Unveiled
According to the ESR, tabled on March 6, 2025, Jammu and Kashmir’s Gross State Domestic Product (GSDP) is set to rise significantly. The survey estimates a nominal GSDP growth of 11.19 percent, reflecting a promising economic trajectory for the union territory. This projection comes as a testament to the region’s resilience and potential amidst its unique socio-political context.
A Resilient Economic Landscape
The anticipated growth rate of 7.06 percent in real terms signals a positive shift for Jammu and Kashmir, which has been navigating challenges while striving for stability and development. Analysts suggest that this uptick could be driven by improvements in infrastructure, tourism, and local industries, though specific sectoral breakdowns were not detailed in the initial survey highlights shared on X.
National Attention on Regional Progress
The release of the Economic Survey has sparked discussions among policymakers and economists, with many viewing it as an indicator of Jammu and Kashmir’s evolving role in India’s broader economic framework. As the region continues to adapt and grow, this forecasted expansion could pave the way for increased investments and development initiatives in the coming year.