Economic Development

Sectoral pattern: services continue to be a vital sector

Source: Central Statistical Organisation (CSO)

Source: Central Statistical Organisation (CSO)

The economy of the state is significantly dependent on the services sector, the share of which increased from 45.4 per cent in 1993-94 to 53.7 per cent in 2001-02. Within the sector, trade, hotels and restaurants contributed to an average of 21 per cent to the states domestic product during 1993-94 to 2001-02.

Per capita income: Striding ahead despite odds

Per Capita estimates

 

Source: CSO

The per capita income of the state though below the national average has been growing steadily during The economy of the state is significantly dependent nineties. During 1993-94 to 2001-02 the per capital on the services sector, the share of which increased income (in US$) grew at an annual compounded rate from 45.4 per cent in 1993-94 to 53.7 per cent in of 3.8 per cent.

The monthly expenditures of the state bring out a favourable picture. The per capita monthly expenditure of the state during 1999-00 exceeded that of the all-special category states and the national average for both rural and urban segments

Education: Initiatives galore

Source: Census 2001

Source: SES (C3)

* As on 30 September 2002
Source: IndiaStat

Reliance Industries is planning to set up an institute of management and information technology with an intake capacity of 250 students in the state.The institute will offer courses in five streams of information and communication technology, biotechnology, health, tourism and medicinal and aromatic plants.

The state is actively working towards improving the quality of human capital in the state. Jammu and Kashmir is the only state where education is free up to the university level. The state has opened seasonal schools for people in the hilly areas and for economically and socially backward castes. The state has two regional engineering colleges and four polytechnics for professional and vocational training.

For higher studies, there are now three universities one in Jammu and the others in Kashmir. The total number of students in general education at the university stage is about 0.4 lakhs which includes 14083 females. The number has gone up six-fold since 1950-51 when it was only 2669.The professional Institutions are:

• two cngineering colleges in Srinagar and Jammu

• fourpPolytechnics

• 37 Industrial Training Institutes (ITIs)

Demographics
 

Source: NSS

• The total work participation rate of the state in 2001 was at 36.6 per cent. Rural participation rate at 37.9 per cent was higher than urban participation rate of 32.7 per cent.

• Total sex ratio improved significantly to 900 females per thousand males in 2001 as against896 in 1991.

• Rate of urbanisation is significantly higher than that of all special category states.

Source: Census 2001

Horticulture in Kashmir

The horticulture industry in Kashmir has become the bulwark of rural economy of the state. This industry earns an annual revenue of over US$ 10.3 million and provides job facilities to the thousands of people directly and indirectly.

Source: IndiaStat

Forests

Kashmir is rich in forests. A variety of spruce, stately trees some of which are towering masses, grow in the state such as Blue Pine, Silver Fir, Himalayan Spruce, Birch, Maple, Beech, Hazel, wild Oak. Almost all the mountains are dotted with dense forests, which, besides lending charm and healthy fragrance to the environment, are a great source of revenue to the country.The best varieties of Pine and Deodar are found in the dense forests of Kishtwar, Bhaderwah and the Lolab valley.

Source: IndiaStat

Industry

J & K has seen steady progress in the establishment of industrial units. In the Small Scale sector, there are more than 20,000 units registered in the state. It has also attracted a good number of industries in the medium and large-scale sector. High class joinery, silks, tweeds and mineral-based industries are traditional to the state.The state government is committed to promote the private sector, and attaches great importance to its role in the development of the state.

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