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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.