Unraveling the Economic Odyssey of Jammu & Kashmir
Srinagar, May 6 -- Beyond its gorgeous vistas, Jammu and Kashmir has a complex economic landscape characterised by resilience, obstacles, and aspirations. This article goes further into the empirical data to provide a complete study of J&K's economic trend in recent years.
From 2014-15 to 2021-22, J&K had a compounded annual growth rate (CAGR) of 5.7%, which exceeded the national average of 5.1% and demonstrated a remarkable upward trend. This rise illustrates the region's resiliency in the face of a variety of hurdles, including demonetization, GST, Covid-19, and the repeal of Article 370. Despite these increases, J&K's economic performance remains behind that of some neighbouring states, emphasizing the necessity for focused interventi...
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