Opportunities for Growth and Investment in Jammu and Kashmir

Abstract

The economic base of Jammu and Kashmir has turned so weak as a result of continued disturbances in the state that finances of the state are almost dependent on central grants in aids. However, there are huge opportunities in hydro-power generation, transportation, tourism, pharmaceuticals, biotechnology, information technology, horticulture, seri-culture, dairy products, food processing and real estate etc. but it could not be exploited in lack of private investment in the state’s economy due to the law and order situation. If there is proper policy response from the government and the confidence of the private investors is restored, these opportunities can be exploited over short to medium span of time. As a result, not only centers like Srinagar and Jammu but many other centers like Anantnag, Samba, Baramula and Pulwama would also be turned into hub for economic activities.

Keywords: Jammu and Kashmir, Economic Growth, Article 370