Revision Notes On Economy of J&K by Vidhya Tutorials.

Revision Series
ECONOMY OF J&K
ST
TE IES ….
E R ED
S RT
T A
S
https://t.me/vidhya_TutorialsJKSSB
6006367330.
6006367330, 9419595009
@vidhyatutorialsjkssb
COMING SOON…
[email protected]
ECONOMY OF J&K
Jammu and Kashmir's economy dependent on agriculture and activities is
Predominantly allied activities.
It can be said, that The economy of J&k is primarily Services based agriculture
Oriented.
Let us understand J&K economy under various

sectors-
1. Primary (Agriculture) Sector,
2. Secondary (Industrial) Sector &
3. Territory (Service) Sector.
(1) PRIMARY SECTOR / AGRICULTURE SECTOR.

Agriculture & Allied activities. contribute about 19% in
State GDP.
But is a major employer employer in State. (70%)
U.T has total cultivated area of 858 thousands

Hectares.
-> Saffron, Apples, Day fruits, nice are the in J&K.
->Maize and important crops / cash crops.
(2) SECONDARY / INDUSTRIAL SECTOR.
The Industrial sector contribute 23% in states economy.

Militancy and other factors are the are chief Contributers when it comes to backwardness of J&K
Industrial sector.
There are 52 existing Industrial estates in J&K.
Chenab Textile Mill, Kathua industry employing more a Leading than 8000 workers.
The J&K Government in recent years has been paying attention towards Industrial complexes.
© Vidhya Tutorials
Replication & other unauthorised use of this material is prohibited by the copyright laws of India
ECONOMY OF J&K
Major industrial complexes are:-

1. Jammu division -> Bari Brahmana,
Kathua, Gangyal.
2. Kashmin division -> Rangreth
Doabagah and Khunamoh.
The departments of J&k govt. to promote Industrial Activities

1. SIDCO (State Industrial Development corporation)
It is a nodal agency for pormotion and development of
Infrastructure facilities of medium and Large industries.
It was established in 1967.
2. SICOP (Small Scale Industries Development corporation Limited)

It was established in 1975 as a wholly owned company of J&K govt.
It is nodal a agency Industries in State for Small scale industries in
UT.
3. J&K khadi and village Industries Board.

Established in 1962
Board provide financial and Technical assistance for seting up of
Small scale industries.
4. J&K ITCOL (Industrial and Technical consultancy Organisation LtD.
5. J&K SFC (State financial corporation)
Major PSU's and Industrial Activities

1. J&K Minerals Ltd was 1st State owned PSU in 1960.
2. J&K Industries Ltd. was estb. in 1963.
3. The profit earning PSU are - J&K Tourism Development corporation Lt.D - J&K PCC, forest
corporation etc.
© Vidhya Tutorials
ECONOMY OF J&K
Industrial Activities
A. Sericulture (Silk production)
J&K is Leading Bivottine sericulture in world.
27,000 Rural families Engaged.
B. Handicraft
It includes
Carpet :- 3.7 Lakh artisans.(41% of handicraft).
Shawl :- 30% of handicraft
Embroiderical cloths.
C. Sports goods - Contribute alot.
D. Major industries and there locations.
Silk Industry - Srinagar
woollen Textile - Srinagar, Karan nagan, Nowshena etc...
cement factory - Wuyan
Brick & Tile - Bari-Brahmna..
J&K Industrie - Baramulla.
3. TERRITORY / SERVICE SECTOR
a, contribute 56% to J&K economy.

b, It includes sectors | Industries like -
Tourism
Transport
Telecommunication.
IT
© Vidhya Tutorials
JAMMU AND KASHMIR
ECONOMIC SNAPSHOT
GSDP of Jammu And Kashmir

GSVA Composition by
Merchandise Export from
at Current Prices Sector at Current Prices Jammu And Kashmir
(US$ million)
1.76
1.70
24.28
24.17
1.60
22.96
21.67
1.40
54.44% 188.
1.25
62.63%
18.61
17.90
10.16% 18
1.17
5.84%
27.64%
19.30%
8.69% 159.
64
18.07%
2017-18
2018-19
2019-20
2020-21
2015–16
2016–17
17.91%
2019-20
2020-21
2011–12 2020-21*
US$ billion Rs. trillion Services. Industry Agriculture & Allied Industries
Note:-^-CAGR in Rs, P-Provisional, E-Estimate, AE-Advance Estimate, GSDP -Gross State Domestic Product, GSVA -Gross State Value Added,
Source: Directorate of Economics and Statistics of Mizoram, Department for Promotion of Industry and Internal Trade (DPIIT)
ECONOMIC SNAPSHOT
Jammu and Kashmir recorded production of 31.45 thousand metric tonnesof
Vibrant floriculture sector flowers during 2018-19.
The Union Territory (UT) has Asia’s largest tulip garden and ideal climate for
floriculture and an enormous assortment of flora and fauna.
J&K’s inhabitants are skilled weavers & designers of textile products. This provides
Rich labourpool
a basis for setting up more textile units.
The traditional skills of the people in craftsmanship can be utilisedto meet the
demands of industrial processes.
Silk industry of the UT witnessed huge growth over the years, production of raw silk
World famous for 2019-20P stood at 117 MT.
handicrafts industry Handicraft promotion schemes under implementation in the Union Territory.
J&K has an industrial policy that offers attractive incentives along with a single-window
Policy incentives clearance mechanism.

New land law to benefit institution for the promotion of healthcare or senior secondary
or higher or specialisededucation.
KEY GOVERNMENT POLICIES AND OBJECTIVES

New Industrial Policy 2021-30
Market DeendayalAntyodaya
Intervention Yojana -National
Scheme (MIS) Rural Livelihoods
Mission (DAY-NRLM)
In October 2020, the Union
In October 2020, a special
In April 2021, the government
Cabinet decided to extend the

package worth Rs. 520 announced the “New Industrial
Market Intervention Scheme

crore (US$ 70.42 million) in
Policy 2021-30” to provide
(MIS) for procurement of apples

the UTs of J&K and Ladakh
incentives to existing and new
in the Union Territory for 2020-

for a period of five years producers and manufacturers that
21. until FY 2023-24 has been

are planning to expand in J&K.
approved.
GOVERNMENT VISION-2030 FOR THE STATE
Environment Agriculture Energy Tourism

Address the issue of
Promote organic farming
To make the UT self-
Promote rural tourism to provide
shrinking natural
to help control sufficient in energy supply
employment to rural people who are
water resources due

degradation of natural
and reduce its dependent on agriculture for
to pollution,
resources by avoiding
dependence on coal-
income.
encroachment and
large-scale use of
based power.
siltation. chemicals.
FOR MORE INFORMATION:
PHONE: +91 6006367330, +91 9419595009
EMAIL: [email protected]
HTTPS://T.ME/VIDHYA_TUTORIALSJKSSB
© Vidhya Tutorials

Revision Notes On Economy of J&K by Vidhya Tutorials.

Uploaded by

Copyright:

Available Formats

Revision Notes On Economy of J&K by Vidhya Tutorials.

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Revision Notes On Economy of J&K by Vidhya Tutorials.

Uploaded by

Copyright:

Available Formats

Revision Series

Let us understand J&K economy under various

(1) PRIMARY SECTOR / AGRICULTURE SECTOR.

U.T has total cultivated area of 858 thousands

(2) SECONDARY / INDUSTRIAL SECTOR.

The Industrial sector contribute 23% in states economy.

Major industrial complexes are:-

The departments of J&k govt. to promote Industrial Activities

2. SICOP (Small Scale Industries Development corporation Limited)

3. J&K khadi and village Industries Board.

4. J&K ITCOL (Industrial and Technical consultancy Organisation LtD.

5. J&K SFC (State financial corporation)

Major PSU's and Industrial Activities

3. TERRITORY / SERVICE SECTOR

a, contribute 56% to J&K economy.

GSDP of Jammu And Kashmir

floriculture and an enormous assortment of flora and fauna.

Policy incentives clearance mechanism.

KEY GOVERNMENT POLICIES AND OBJECTIVES

Cabinet decided to extend the

Market Intervention Scheme

(MIS) for procurement of apples

in the Union Territory for 2020-

21. until FY 2023-24 has been

GOVERNMENT VISION-2030 FOR THE STATE

Environment Agriculture Energy Tourism

water resources due

You might also like