State Report (2008)

Jammu & Kashmir, located in the northern-most part of India has been described by many as a 'Paradise on Earth' and holds huge potential in the tourism sector. Jammu & Kashmir's economy is mostly dependent on farming and animal husbandry. Although small, the manufacturing and services sectors are growing rapidly with several consumer goods companies opening manufacturing units in the region during recent years.

According to estimates by the Centre for Monitoring Indian Economy (CMIE), outstanding investments in Jammu & Kashmir as of the quarter ended March 2007, totalled US$ 8.1 billion, which is 18.7 per cent higher compared to the same quarter a year ago. This rise in investments has been on account of increased investments in the manufacturing sector, which grew by 78.6 per cent, and investments in power projects that rose by 24 per cent.

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State Presentation (2007)

The state's GDP grew at a good CAGR of 8.8 per cent between 1999-00 and 2005-06, to reach US$ 5.6 billion.

Agriculture was the highest contributor to the GSDP of the state among all industries in various sectors during 2005-06 at US$ 675.6 million and was the principal contributor for the period from 1999-00 to 2005-06.

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