{"id":100545,"date":"2022-07-21T00:21:20","date_gmt":"2022-07-20T18:51:20","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=100545"},"modified":"2022-07-24T22:40:00","modified_gmt":"2022-07-24T17:10:00","slug":"economy-of-jammu-and-kashmir","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/economy-of-jammu-and-kashmir\/","title":{"rendered":"Economy of Jammu and Kashmir | Know latest information"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/economy-of-jammu-and-kashmir\/#Economy_of_Jammu_and_Kashmir\" >Economy of Jammu and Kashmir<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/economy-of-jammu-and-kashmir\/#Economy_of_Jammu_and_Kashmir_Download_link\" >Economy of Jammu and Kashmir | Download link<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/economy-of-jammu-and-kashmir\/#How_to_Download_the_Free_PDF\" >How to Download the Free PDF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/economy-of-jammu-and-kashmir\/#Highlights_of_the_Free_e-book\" >Highlights of the Free e-book<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/economy-of-jammu-and-kashmir\/#Jammu_and_Kashmir_Exam_Preparation\" >Jammu and Kashmir Exam Preparation<\/a><\/li><\/ul><\/nav><\/div>\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Economy_of_Jammu_and_Kashmir\"><\/span><strong>Economy of Jammu and Kashmir<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>With JKPSC KAS exam right around the corner on 31st July 2022 its important to know the latest information about the Economy of Jammu and Kashmir to answer the questions in the Economy section. We have provided some important Economic statistics of 1 year. This will not only help you for the Prelims and Mains, it will also help you in interviews. <\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/www.oliveboard.in\/jk-exams\/?ref=contsp\" target=\"_blank\" rel=\"noreferrer noopener\">ATTEMPT A FREE MOCK TEST<\/a><\/strong> for various JK exams<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Economy_of_Jammu_and_Kashmir_Download_link\"><\/span><strong>Economy of Jammu and Kashmir<\/strong> | <strong>Download link<\/strong> <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Click on the link below to download Economy of Jammu and Kashmir <\/p>\n\n\n\n<div class=\"wp-block-buttons aligncenter is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.oliveboard.in\/free-ebook-pdf-download\/?ref=contsp&amp;cat=jk-exams&amp;next=https:\/\/bit.ly\/Economy-of-Jammu-and-Kashmir\" target=\"_blank\" rel=\"noreferrer noopener\">Economy of Jammu and Kashmir<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Download_the_Free_PDF\"><\/span><strong>How to Download the Free PDF?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\" id=\"block-86c04a93-781a-4d89-9960-4db441972116\"><li>Click on the given&nbsp;download links given. You will be taken to Oliveboard\u2019s FREE Ebooks Page. Alternately, you can download the Oliveboard Android App to access these on your smartphone.<\/li><li>Register\/Login to the Free E-Books Page of Oliveboard (It is 100% free, You just enter your valid email id and a password to be able to download the PDF).<\/li><li>Once you are logged in you\u2019ll see the message that says \u201c<strong>Please click here to download the Free Ebook<\/strong>\u201c. Click on the message to download that particular ebook.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Highlights_of_the_Free_e-book\"><\/span><strong>Highlights<\/strong> <strong>of the Free e-book<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Jammu and Kashmir (J&amp;K) is a Union Territory (UT) of India, located in the country\u2019s northern part, and a global tourist destination. The economy is primarily services based and Agri-oriented.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Gross State Domestic Product (GSDP) in 2020-21 reached Rs. 1.76 trillion (US$ 24.28 billion).<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>J&amp;K\u2019s NSDP reached Rs. 1.49 trillion (US$ 20.49 billion) in 2020-21.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>As of end of 2021, J&amp;K had a total installed power generation capacity of 3482.11 MW<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>In FY21, exports from J&amp;K stood at US$ 159.64 million.<\/li><\/ul>\n\n\n\n<p>The following are some of the major initiatives taken by the Government to promote Jammu &amp; Kashmir as an investment destination:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>According to the Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflow in J&amp;K was valued at US$ 0.21 million between October 2019 and March 2021.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>J&amp;K has an industrial policy that offers attractive incentives along with a single-window clearance mechanism. Land is allotted at concessional rates in industrial areas on lease for 90 years.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>National Highway Infrastructure Development Corporation (NHIDCL) is developing five tunnels in the UT at a cost of US$ 3.42 million. The tunnels will have all weather access and will be completed by 2024.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>In 2019-20, total production of horticulture crops was expected to be 3,912.91 thousand metric tonnes and area under production was 400.25 thousand hectares. In 2019-20, the total production of vegetables and fruits was estimated at 1337.12 thousand metric tonnes and 2541.16 thousand metric tonnes, respectively.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>In April 2021, the government of Jammu &amp; Kashmir signed 456 memoranda of understanding (MOUs) with various firms for a potential investment worth Rs. 23,152 crore (US$ 3.17 billion).<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>In February 2021, Prime Minister Mr. Narendra Modi inaugurated the second&nbsp;<em>Khelo<\/em>&nbsp;India Winter Games in Gulmarg with the objective of making Jammu and Kashmir a hub for winter sports.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Construction of Zozila Tunnel at J&amp;K is scheduled to be conducted in September 2025. The tunnel will provide all-weather connectivity on NH-1 between Srinagar Valley and Leh (Ladakh Plateau) and will bring about an all-round Jammu &amp; Kashmir economic and sociocultural integration (UTs of J&amp;K and Ladakh). It involves building a 14.15-km long tunnel under the Zojila pass on NH-1, linking Srinagar and Leh via Dras &amp; Kargil.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>About 150,000 metres of silk cloth is produced per annum in J&amp;K. During FY20, 117 MT of raw silk was produced in the J&amp;K and had a production target of 142 MT for FY21<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>In 2019, foreign and domestic tourist arrivals stood at 57,920 and 16.16 million, respectively.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>The J&amp;K government has an industrial policy that offers attractive incentives along with a single-window clearance mechanism. On October 27, 2020, the Indian government approved Jammu and Kashmir of new land laws to allow land to be transferred for the benefit of an individual or institution for promotion of healthcare or senior secondary or higher or specialised education.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>In January 2021, the Cabinet Committee of Economic Affairs (CCEA) approved a new scheme for the industrial development for the UT of Jammu and Kashmir with a total outlay of Rs. 28,400 crore (US$ 3,918 million) up to 2037.<\/li><\/ul>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/www.oliveboard.in\/jk-exams\/?ref=contsp\" target=\"_blank\" rel=\"noreferrer noopener\">ATTEMPT A FREE MOCK TEST<\/a><\/strong> for various JK exams<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Jammu_and_Kashmir_Exam_Preparation\"><\/span><strong>Jammu and Kashmir Exam Preparation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>J &amp; K Study Material and Exam resources in English &amp; Hindi for the upcoming JK PCS, JK Patwari, JK Lower PCS, JK Police exam preparation. Here we have included notes from all the subjects History, Geography, Polity, Economics, Rajasthan, etc. Topics related to General Science, Traditional GK, Hindi, Factual areas of Polity, History, JK Specific &amp; Current affairs also play a very important role, etc.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.oliveboard.in\/blog\/jk-study-material\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Click on the link to access 50 + Free ebooks for JK Exams<\/strong><\/a><\/p>\n\n\n\n<p id=\"block-27078170-a574-4dbd-b55e-75180f4a4f76\"><strong><br>DOWNLOAD THE&nbsp;<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.oliveboard.prep&amp;referrer=utm_source%3DApp_blog\" target=\"_blank\" rel=\"noreferrer noopener\">OLIVEBOARD APP<\/a>&nbsp;FOR ON-THE-GO EXAM PREPARATION<\/strong><\/p>\n\n\n\n<div id=\"block-f6ca0705-1576-4858-a975-321757729f23\" class=\"wp-block-image\"><figure class=\"alignright is-resized\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.oliveboard.prep&amp;referrer=utm_source%3DApp_blog\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.oliveboard.in\/images\/app.png\" alt=\"Oliveboard Mobile App\" width=\"259\" height=\"218\"\/><\/a><\/figure><\/div>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-165863c2-f08c-45e9-8424-5dd40309aba1\"><li>Video Lessons, Textual Lessons &amp; Notes<\/li><li>Topic Tests covering all topics with detailed solutions<\/li><li>Sectional Tests for QA, DI, EL, LR<\/li><li>All India Mock Tests for performance analysis and all India percentile<\/li><li>General Knowledge (GK) Tests<\/li><\/ul>\n\n\n\n<p id=\"block-da67dde2-d3c1-4bb4-8a1f-4f631a32bab7\">Free videos, free mock tests, and free GK tests to evaluate course content before signing up!<\/p>\n\n\n\n<div id=\"block-ded47d6f-5f46-4d3e-8c92-fb68fa93b052\" class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.oliveboard.prep&amp;referrer=utm_source%3DApp_blog\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/img\/play.png\" alt=\"This image has an empty alt attribute; its file name is play.png\" width=\"96\" height=\"28\"\/><\/a><\/figure><\/div>\n\n\n\n<p id=\"block-94342f79-e3de-40dd-b545-9af2ea96fa81\"><strong>Also Check:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\" id=\"block-25c8860a-0837-4e11-bd9c-6a5dd080d2b3\"><li><a href=\"https:\/\/www.oliveboard.in\/bank-exams\/?ref=contsp\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>100+ Free Mock Tests<\/strong><\/a><\/li><li><strong><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.oliveboard.prep\" target=\"_blank\" rel=\"noreferrer noopener\">Oliveboard Mobile App<\/a><\/strong><\/li><li><strong><a href=\"https:\/\/discuss.oliveboard.in\/JandK-and-Ladakh-Exams-c18-ijkexam\" target=\"_blank\" rel=\"noreferrer noopener\">Oliveboard\u2019s discuss forum<\/a><\/strong><\/li><li><strong><a href=\"https:\/\/t.me\/obbanking\" target=\"_blank\" rel=\"noreferrer noopener\">Oliveboard Telegram Group<\/a><\/strong><\/li><li><strong><a href=\"https:\/\/www.oliveboard.in\/blog\/gk-bolt-monthly-current-affairs\/?ref=contsp\" target=\"_blank\" rel=\"noreferrer noopener\">Download BOLT \u2013 Our Monthly General Awareness free e-book<\/a><\/strong><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Economy of Jammu and Kashmir With JKPSC KAS exam right around the corner on 31st July 2022 its important to<\/p>\n","protected":false},"author":60,"featured_media":100548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10339],"tags":[10780,10781,10778,10779],"class_list":["post-100545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jammu-kashmir-exams","tag-jk-exams-preparation","tag-jk-exams-tips","tag-jkpsc-kas-preparation","tag-jkpsc-kas-tips","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Economy of Jammu and Kashmir | Get latest information<\/title>\n<meta name=\"description\" content=\"Get latest updates about Economy of Jammu and Kashmir for all Jammu and Kashmir exams. 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