Economy of Jammu and Kashmir

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CurrencyIndian Rupee (INR, )
1 April - 31 March
GDPIncrease 3.16 lakh crore (US$37 billion) (nominal; 2026-27)[1] Increase$142 billion[2][3](PPP; 2025-26 est.)
GDP rank21st
Economy of Jammu and Kashmir
Amar Mahal Palace
CurrencyIndian Rupee (INR, )
1 April - 31 March
Statistics
GDPIncrease 3.16 lakh crore (US$37 billion) (nominal; 2026-27)[1] Increase$142 billion[2][3](PPP; 2025-26 est.)
GDP rank21st
GDP growth
Increase 9.5% (2025-26 est.)[1]
GDP per capita
Increase 206,189 (US$2,400) (2025-26)[1] Increase $10,293[4] (PPP; 2025-26 est.)
GDP per capita rank
21th
GDP by sector
Agriculture: 20%
Industry: 19%
Services: 61% (2025–26)[5]
Increase 0.814 Veryhigh (2023) (23rd)[6]
All values, unless otherwise stated, are in US dollars.

In the fiscal year 2023–2024, it is expected that Jammu and Kashmir's Gross Domestic Product (GDP) will exceed Rs 2.30 lakh crore, with a growth rate of 10 per cent.[7] Along with horticulture and agriculture, tourism is an important industry for Jammu and Kashmir, accounting for about 7% to its economy.[8]

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