Service sector drives J&K economy: CARE ratings report
5 years, 3 months ago

Service sector drives J&K economy: CARE ratings report

The Quint  

New Delhi, Sep 10 The service sector drives the economy of the erstwhile state of Jammu and Kashmir, contributing 56 per cent to the economic activity of the region, a report by CARE ratings said. The report also noted that manufacturing has a low share in economic output of the region, contributing around 10 per cent to the local economy, less than the national average of 18 per cent. The report also pointed out that the factories in Jammu and Kashmir accounts for only 0.4 per cent of the total factories in the country, as per the Annual Survey of Industries. In financial year 2018, the credit to deposit ratio was at 43.6 per cent much lower than the ratio of 76.7 per cent at national level, the report said.

Food Kashmir Apple Region Report Jammu Sector Cent Service Sector Financial Year  jammu  drives  kashmir  financial  report  sector  ratings  economy  cent  region  food  apple  service  care  jk  factories

History of this topic

Tourism Is Not The Biggest Contributor To J&K’s Economy, Know What It Is
2 years, 10 months ago

Tourism Is Not The Biggest Contributor To J&K’s Economy, Know What It Is

News 18  

Agriculture is the largest economic sector in India. While Haryana, Punjab, and Uttar Pradesh hold a large share of farming in north India, there are more regions in the Hindi belt whose economy depends mostly on agriculture. However, 70 percent of the state’s population is connected with agriculture directly or indirectly, reported Krishi Jagran. Looking at the large share of …

A roadmap to boost growth, investments in J&K, Ladakh
5 years, 4 months ago

A roadmap to boost growth, investments in J&K, Ladakh

Deccan Chronicle  

The Jammu and Kashmir region has immense potential for development and is one of the most attractive tourist destinations in India and across the world. Development of minor irrigation projects, physical infrastructure and forest resources, and the modernisation of fruit production by adopting latest technology and innovation can unlock the region's agriculture and agri-business potential. Third, for improving ease of …

Discover Related