Jammu and Kashmir Reports 11% Economic Growth; Infrastructure Investments Exceed ₹61,500 Crore
The Jammu and Kashmir government reported an 11% economic growth rate for 2024-25, fueled by significant infrastructure investments exceeding ₹61,500 crore and fiscal reforms. Key achievements include the clearance of 19 national highway projects, a rise in GST collections, and advancements in tourism and agriculture, alongside social welfare initiatives benefiting over 10 lakh individuals. The return of an elected government was noted as a pivotal moment for the region's democracy.
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The Jammu and Kashmir government announced an 11% economic growth rate for 2024-25, driven by infrastructure expansion, fiscal reforms, and digital governance. The Lieutenant Governor highlighted the return of an elected government as a significant milestone for democracy.
Key developments include over ₹61,500 crore invested in the road sector, with 19 new national highway projects cleared for 2025-26. GST collections increased from ₹8,064 crore to ₹8,586 crore, and power sector revenue rose by 16%.
The region saw 1,431 crore sanctioned for capital projects, with substantial progress in hydropower projects and smart meter installations. Tourism achieved 1.78 crore visits in 2025, and agriculture initiatives showed growth. Social welfare improvements include pensions for over 10 lakh beneficiaries and free public transport for women.
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