Economy of Jammu and Kashmir

Economy of Jammu and Kashmir

Statistics
GDP	$34.0 billion [1] (nominal; 2025 est.) $142.0 billion [1] (PPP; 2025 est.)
GDP rank	23nd
GDP growth	13% (FY 2025-26) [1]
GDP per capita	$2,467 [1] (nominal; 2025 est.) $10,293 [1] (PPP; 2025 est.)
GDP per capita rank	27th
GDP by sector	Agriculture 20% Industry 18% Services 62% (FY 2024-25) [1]
Inflation (CPI)	2.95% (2025) [2]
Population below poverty line	2.81% (2022-23) [3]
Unemployment	6.1% (2023-24) [4]
Public finances
Government debt	52.0% of GSDP (2025-26 est.) [5]
Budget balance	₹−16,112 crore (US$−1.9 billion) (2.57% of GSDP) (2025-26 est.)
Revenues	₹90,529 crore (US$11 billion) (2025-26 est.) [5]
Expenses	₹106,641 crore (US$13 billion) (2025-26 est.) [5]
All values, unless otherwise stated, are in US dollars.

Srinagar Airport, Srinagar

Jammu and Kashmir's gross state domestic product for 2025-2026 is estimated at $34 billion at current prices. Its contribution to India's GDP stand at 0.78% of Total National GDP of $4.1 Trillion.

References

1. "jammu_and_kashmir Budget Analysis 2025–26". PRS Legislative Research. PRS. Retrieved 20 May 2025.
2. "Statewise Inflation Rates (%) for October 2025 (based on CPI)". Ministry of Statistics and Programme Implementation (MoSPI), Government of India. Retrieved 20 November 2025. According to the MoSPI map, Jammu and Kashmir's inflation rate for October 2025 is 2.95%.
3. "National Multidimensional Poverty Index 2023" (PDF). NITI Aayog. 30 July 2022. Retrieved 20 May 2025.
4. "Unemployment Rate in India". Centre for Monitoring Indian Economy. Retrieved 3 November 2020.
5. "jammuandkashmir Budget Analysis 2025-26". PRS Legislative Research. Retrieved 19 March 2020.