J&K, Among The Fastest Growing Economies
Per capita income in Jammu and Kashmir rose by more than 14 per cent at constant 2011-12 prices, while the rise at the national level was only 6.8 per cent. Yet, the per capita income of J&K was just a fraction of that in richer States and territories such as Delhi.
The rapid expansion of Jammu and Kashmir’s Gross State Domestic Product (GSDP) came after a 0.3 per cent contraction in 2014-15 when the State was hit by its worst flood in 60 years following heavy monsoon rains .
Along with J&K, other State economies to record double-digit expansion were Goa (11.5 per cent), Gujarat (11.1 per cent), Andhra Pradesh (11 per cent), Mizoram (10.9 per cent) and the Union Territory of Puducherry (10.3 per cent).
Top 5 States
Maharashtra remains the largest State economy, with its size estimated at ₹16,59,776.05 crore (₹16.6 lakh crore) at constant 2011-12 prices. Jammu and Kashmir’s economy, at ₹97,289.27 crore, is just about 6 per cent of Maharashtra’s. The second-biggest State economy is Tamil Nadu, estimated at ₹9,48,673.85 crore. Gujarat displaced Uttar Pradesh to become third largest, but the difference between the two was narrow. Gujarat’s economy was estimated at ₹9,01,375.28 crore and Uttar Pradesh at ₹9,01,256.8 crore.
Per capita income
On per capita income, the average income of a Jammu and Kashmir resident was just a little more than a fifth of a resident of Goa at constant 2011-12 prices. The per capita income for Jammu and Kashmir was estimated at ₹60,171.36 compared with ₹2,67,328.90 for Goa and ₹2,26,583.11 for Delhi.