Economic Survey Report paints grim picture of J&K’s GSDP

JAMMU: Jammu and Kashmir is ranked at 24th (among 32 states and Union Territories) in terms of Gross State Domestic Product (GSDP) and the per capita net income of the state is miserably low.
Economic Survey Report 2013-14 which was recently tabled in state legislature says that measuring the growth of economy in terms of GSDP at constant (2004-05) process for 2011-12, Jammu and Kashmir with 6.19 per cent rate is not placed at desired level.
“As per this indicator J&K is the 24th state in the inter-state comparison of 32 states/UTs. This indicator places Bihar to occupy rank 1st recording growth of 13.26 per cent, followed by Madhya Pradesh with 11.81 per cent as against national average of 6.21 per cent says the report.
The report says per capita net income of the state at constant (2004-05) prices is miserably low—Rs 29,067 as compared to Rs 112,626 for Delhi and Rs 95,937 for Chandigarh. And on this indicator J&K figures at second last amongst northern states/UTs.
The report says the residents of the state experience higher volatility in their income; however, Leh and Jammu enjoy rank 1st and 2nd in per capita Gross District Domestic Product, with Rs 46,502 and Rs 45,588 respectively.
As per this indicator, Poonch is the lowest district with per capita DDP of Rs 11,917.

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