Overview
Jammu & Kashmir, with a rich natural landscape and strategic location, recorded a GSDP of ₹1.95 lakh crore in 2023–24, achieving a growth rate of 10.8%. The state's per capita income stands at ₹1,12,302, which reflects its steady recovery post-reorganization. The region is known for its significant contributions to agriculture, tourism, and handicrafts, with Srinagar as the cultural and economic center.
Why Invest in Jammu & Kashmir
- Tourism Potential: Famous for scenic landscapes, attracting millions of tourists annually.
- Agriculture Dominance: Major producer of saffron, apples, and dry fruits.
- Strategic Location: Gateway to international markets via the China and Pakistan borders.
- Government Focus: Progressive policies aimed at infrastructural growth and industrial development.
Incentives & Schemes
- Special Incentive Package: Industrial promotion benefits under J&K's specific investment policies.
- Focus on Infrastructure: Large-scale infrastructural projects, including roads and power generation.
- Agri-Tech Boost: Government support for agricultural innovations, including cold storage and food processing.
Key Economic Data: Jammu & Kashmir
| Category |
Details |
| Capital |
Srinagar |
| GSDP (2023–24) |
₹1.95 lakh crore |
| Growth Rate |
10.8% |
| Per Capita Income |
₹1,12,302 |
| Top Sectors |
Agriculture, Tourism, Handicrafts |
| FDI Share in India |
2% |
| Top FDI Sources |
UAE, Singapore |
| Cumulative FDI (FY2024) |
₹4,500 crore (Q1) |
| Policy Impact |
Incentives for industrial growth |
| Recent FDI |
₹800 crore (2020–21) |
Latest Insights
- Jammu & Kashmir recorded ₹4,500 crore in cumulative FDI by Q1 FY2024.
- The state is witnessing a rise in investments in tourism and agriculture.
- Government-backed schemes are attracting both national and international businesses.
